Tex. Loc. Gov't Code § 116.060 · Subchapter C. SECURITY FOR FUNDS HELD BY DEPOSITORY
SECURITY NOT REQUIRED FOR FEDERALLY INSURED DEPOSITS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A depository is not required to provide security for the deposit of county funds to the extent the deposits are insured under 12 U.S.C.A. Sections 1811-1832.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm
- Text hash
- sha256 6f5cdbbae6446851aef64c18cc1da917e41ef913b83ac82a63b4345dcc1d832d
- 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.