105.018 – ADDITIONAL SERVICES. In addition to depository
Texas Local Government Code § 105.018
Summary
This law allows municipalities to contract with financial institutions for additional services beyond basic depository services. It applies when the municipality's governing body identifies a need for these extra services in managing municipal funds.
Municipalities can seek additional financial services.
Contracts can be with banks, credit unions, or savings associations.
Governing body must determine necessity for these services.
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In simple terms: Learn about Texas's ADDITIONAL SERVICES. In addition to depository law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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