Tex. Loc. Gov't Code § 105.034 · Subchapter C. SECURITY FOR FUNDS HELD BY DEPOSITORY
CONDITIONS TO ACTING AS DEPOSITORY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The depository shall:
(1) keep the municipal funds covered by the depository services contract;
(2) perform all duties and obligations imposed on the depository by law and under the depository services contract;
(3) pay on presentation all checks drawn and properly payable on a demand deposit account with the depository;
(4) pay all transfers properly payable as directed by a designated officer;
(5) provide and maintain security at the level required by the provisions of Chapter 2257, Government Code; and
(6) account for the municipal funds as required by law.
(b) Any suit brought in connection with a depository services contract must be tried in the county in which the city hall of the municipality is located.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 76, Sec. 5.95(12), eff. Sept. 1, 1995.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.105.htm
- Text hash
- sha256 5e3fee650c3270773127805d47ae9f029801f7d1aa6bd275dc8d0ca758a88162
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.