117.117 – QUALIFICATION AS DEPOSITORY. A bank selected as
Texas Local Government Code § 117.117
Summary
This law outlines the qualifications a bank must meet to be designated as a special depository for the registry fund. It aligns these requirements with those for county depositories, ensuring consistency in financial management for local governments.
Banks must meet specific qualifications to be a special depository.
Requirements mirror those for county depositories under Chapter 116.
Aims to ensure reliable financial management for local government funds.
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In simple terms: Learn about Texas's QUALIFICATION AS DEPOSITORY. A bank selected as 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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