116.086 – SOLVENCY OF SURETY COMPANY AND ADEQUACY OF
Texas Local Government Code § 116.086
Summary
This law allows the commissioners court to assess the financial stability of surety companies providing bonds for county fund depositories. It also enables them to evaluate the securities pledged by these depositories to ensure adequate protection of county funds.
Commissioners court can investigate surety company solvency.
Assessment of securities pledged by depositories is permitted.
Aims to protect county funds from potential risks.
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In simple terms: Learn about Texas's SOLVENCY OF SURETY COMPANY AND ADEQUACY OF 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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