Local Government Code § 116.027
If no county depository application is submitted or all are declined, the commissioners court must place county funds in one or more banks in the county or nearby counties. A bank that receives the deposits must provide security, and the security penalty must be at least the full amount of county funds deposited.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
county funds security depositary selection
Statute overview
About this statute
This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.
Ask AI about this statute
Local Government Code § 116.027
Sign in to ask AI about this statute
Sign in to start authenticated, citation-grounded statute research.
Sign inLexChat organizes source-backed legal information for research. Verify amendments, commencement, and current legal force with the official publisher before relying on it.