117.024 – QUALIFICATION AS DEPOSITORY. Within 30 days
Texas Local Government Code § 117.024
Summary
This law requires banks selected as depositories to complete their qualification process within 30 days. It aligns the qualification standards for these banks with those set for county depositories, ensuring consistency in financial management.
Banks must qualify within 30 days of selection as depositories.
Qualification standards mirror those for county depositories.
Ensures uniformity in financial practices across local governments.
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In simple terms: Learn about Texas's QUALIFICATION AS DEPOSITORY. Within 30 days 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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