116.027 – SELECTION OF NONAPPLICANT DEPOSITORY. (a) If no
Texas Local Government Code § 116.027
Summary
This law allows the commissioners court to select a bank for county fund deposits if no applications for depository status are submitted or all are declined. It provides flexibility in choosing banks within the county or adjacent counties to manage county funds effectively.
Commissioners court selects banks if no depository applications are received.
Funds can be deposited in banks within or near the county.
Selection is based on the court's discretion regarding amounts and duration.
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In simple terms: Learn about Texas's SELECTION OF NONAPPLICANT DEPOSITORY. (a) If no 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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