117.026 – ADVERTISEMENT FOR AND SELECTION OF DEPOSITORY
Texas Local Government Code § 117.026
Summary
This law allows a county's commissioners court to select a federally insured bank outside the county as a depository if no local banks apply, if applications are incomplete, or if all applications are rejected. It provides flexibility in managing county funds when local options are insufficient.
Commissioners court can choose out-of-county banks as depositories.
Applicable when no local banks apply or applications are incomplete.
Ensures proper management of county funds despite local limitations.
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In simple terms: Learn about Texas's ADVERTISEMENT FOR AND SELECTION OF DEPOSITORY 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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