Sec. 131.002. DUTIES OF SPECIAL DEPOSITORY. The special depository shall assume the payment of the amount of public funds due by the suspended bank on the date of its suspension, including interest to that date, and shall pay that amount to the designated local government authority in accordance with the contract entered into by the special depository. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Duties of Special Depository
Tex. Local Government Code § 131.002, under Depository Provisions Affecting Funds of Municipalities, Counties, and Other Local Governments.
Tex. Local Government Code § 131.002