Tex. Loc. Gov't Code § 117.026 · Subchapter B. ESTABLISHMENT OF DEPOSITORY
ADVERTISEMENT FOR AND SELECTION OF DEPOSITORY OUTSIDE THE COUNTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Sections 116.026 and 116.028, the commissioners court may select a federally insured bank or banks located outside the county to serve as the depository under this subchapter if:
(1) for any reason no bank located in the county applies to be designated as the depository;
(2) an application is not made for the entire amount of the registry funds;
(3) the commissioners court rejects all the applications submitted;
(4) a depository selected by the commissioners court fails to qualify;
(5) a depository becomes insolvent; or
(6) a new depository is selected because of the failure of the regular depository to execute a new bond under Section 117.057.
(b) Before selecting a depository under Subsection (a), the commissioners court shall advertise for applications from banks located in this state by publishing a notice of the selection once a week for two consecutive weeks in a newspaper of general circulation published in the county. If such a newspaper is not published in the county, the commissioners court shall post the notice at the courthouse for two weeks. The commissioners court may also publish the notice in any newspaper outside the county for the same length of time.
Notes and commentary — not statutory text
History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1989, 71st Leg., ch. 1, Sec. 17(d), eff. Aug. 28, 1989; Acts 1997, 75th Leg., ch. 505, Sec. 8, eff. Sept. 1, 1997.
Amended by:
Acts 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158), Sec. 4, eff. June 18, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LG/htm/LG.117.htm
- Text hash
- sha256 d68a6f9c06c83af38089bdb809ea200368606d3455c7ded4e3cda131b1480754
- 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.