Tex. Loc. Gov't Code § 105.053 · Subchapter D. MAINTENANCE AND MODIFICATION OF SECURITY
SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
At any time the governing body of the municipality considers it necessary for the protection of the municipality, the governing body may direct the designated officer to investigate the solvency of a surety company that issues a bond on behalf of a municipal depository or investigate the value of securities pledged by a depository to secure municipal funds.
Notes and commentary — not statutory text
History
Added by Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Sec. 105.056 and amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993.
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 6ffb51d71eadbbd831b3706ad73c19faabe105f8a576d66f72c7a43ac1716b5a
- 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
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.