Texas Statutes
§ 2257.022 — AMOUNT OF COLLATERAL.
Texas § 2257.022
JurisdictionTexas
Code GVGovernment Code
This text of Texas § 2257.022 (AMOUNT OF COLLATERAL.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Government Code Code Ann. § 2257.022 (2026).
Text
Sec. 2257.022. AMOUNT OF COLLATERAL.
(a)Except as provided by Subsection (b), the total value of eligible security to secure a deposit of public funds must be in an amount not less than the amount of the deposit of public funds:
(1)increased by the amount of any accrued interest; and
(2)reduced to the extent that the United States or an instrumentality of the United States insures the deposit.
(b)The total value of eligible security described by Section 45.201 (4)(D), Education Code, to secure a deposit of public funds of a school district must be in an amount not less than 110 percent of the amount of the deposit as determined under Subsection (a). The total market value of the eligible security must be reported at least once each month to the school district.
(c)The value of a suret
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Legislative History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 201, Sec. 46, eff. Sept. 1, 2003.
Nearby Sections
15
§ 2257.001
SHORT TITLE.§ 2257.002
DEFINITIONS.§ 2257.0025
HIGH-RISK MORTGAGE SECURITY.§ 2257.004
CONFLICT WITH OTHER LAW.§ 2257.005
CONTRACT GOVERNS LEGAL ACTION.§ 2257.021
COLLATERAL REQUIRED.§ 2257.022
AMOUNT OF COLLATERAL.§ 2257.023
COLLATERAL POLICY.§ 2257.025
RECORDS OF DEPOSITORY.§ 2257.041
DEPOSIT OF SECURITIES WITH CUSTODIAN.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2257.022, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/GV/2257.022.