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236 chapters · 5,326 sections in this title.
Tex. Local Government Code § 131.001 Special Depository Authorized
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Sec. 131.001. SPECIAL DEPOSITORY AUTHORIZED. If a financial institution that is a depository under state law for the public funds of a county, municipality, or district suspends business or is taken charge of by a state or federal bank regulatory agency, the local government auth…
Tex. Local Government Code § 131.002 Duties of Special Depository
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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 authori…
Tex. Local Government Code § 131.003 Special Depository Contract
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Sec. 131.003. SPECIAL DEPOSITORY CONTRACT. (a) The contract must require the payment of the deposit in installments as agreed to by the parties. The last installment must be paid not later than three years from the date of the contract. (b) The parties may contract for the instal…
Tex. Local Government Code § 131.004 Bond
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Sec. 131.004. BOND. (a) To secure the performance of a special depository contract, the special depository shall execute a bond, or bonds in the case of installments, with the same character of sureties required for regular depository bonds. (b) The local government authority aut…