116.060 – SECURITY NOT REQUIRED FOR FEDERALLY INSURED
Texas Local Government Code § 116.060
Summary
This law allows counties to deposit funds in federally insured banks without requiring the bank to provide additional security. It simplifies the process for counties by ensuring their deposits are protected under federal insurance regulations.
Counties can deposit funds without requiring security from banks.
Applies to deposits insured under federal law.
Streamlines financial management for local governments.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's SECURITY NOT REQUIRED FOR FEDERALLY INSURED law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.