Tex. Local Gov't Code Section 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.

Source: Section 131.002 — Duties of Special Depository, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.131.htm#131.002 (accessed Jun. 5, 2024).

131.001
Special Depository Authorized 131.002
Duties of Special Depository 131.003
Special Depository Contract 131.004
Bond 131.005
State Funds 131.901
Out-of-state Depository Prohibited 131.902
Pursuit of Legal Remedies Against Suspended Bank 131.903
Conflict of Interest

Up to date

Accessed:
Jun. 5, 2024

§ 131.002’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._local_gov't_code_section_131.002

Original Source: Section 131.002 — Duties of Special Depository, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.131.htm#131.002 (last accessed Jun. 5, 2024).

Tex. Local Gov't Code Section 131.002 Duties of Special Depository

Tex. Local Gov't Code Section 131.002
Duties of Special Depository