116.024 – SELECTION OF DEPOSITORIES AND SUBDEPOSITORIES.
Texas Local Government Code § 116.024
Summary
This law outlines the process by which a county's commissioners court selects banks to serve as depositories for county funds. It requires the court to review applications and choose banks based on favorable terms, ensuring financial responsibility and stability.
Commissioners court must review all bank applications.
Selection is based on favorable terms for handling county funds.
Applicants can be rejected for poor management or financial condition.
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In simple terms: Learn about Texas's SELECTION OF DEPOSITORIES AND SUBDEPOSITORIES. 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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