116.115 – CLEARINGHOUSE FOR MULTIPLE DEPOSITORIES. If the
Texas Local Government Code § 116.115
Summary
This law requires a county's commissioners court to designate one depository as a clearinghouse when funds are held in multiple depositories. This designated clearinghouse is responsible for processing all county payment orders.
Commissioners court must designate a clearinghouse depository.
All county payment orders are processed through the clearinghouse.
Applies when a county uses multiple depositories for funds.
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In simple terms: Learn about Texas's CLEARINGHOUSE FOR MULTIPLE DEPOSITORIES. If the 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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