131.001 – SPECIAL DEPOSITORY AUTHORIZED. If a financial
Texas Local Government Code § 131.001
Summary
This law allows local government authorities to select a special depository for public funds if their primary financial institution suspends operations. It ensures that public funds remain secure and accessible during financial disruptions.
Applies to counties, municipalities, and districts.
Enables selection of a special depository during financial institution suspension.
Maintains security of public funds in emergencies.
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In simple terms: Learn about Texas's SPECIAL DEPOSITORY AUTHORIZED. If a financial 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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