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 May 26, 2025).

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Verified:
May 26, 2025

§ 131.002. Duties of Spec. Depository's source at texas​.gov