Texas Statutes
§ 105.031 — QUALIFICATION AS DEPOSITORY.
Texas § 105.031
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 105.031 (QUALIFICATION AS DEPOSITORY.) 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. Local Government Code Code Ann. § 105.031 (2026).
Text
Sec. 105.031. QUALIFICATION AS DEPOSITORY.
(a)The bank or savings association, to qualify as a municipal depository, must, not later than five days before the commencement of the term of the depository services contract, provide security for the municipal funds to be deposited in accordance with the terms of the depository services contract.
(b)Chapter 2257 , Government Code governs the type, level, substitution, possession, release, and method of valuation of the security necessary to secure the deposit of municipal funds.
(c)Repealed by Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff. Sept. 1, 2001.
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Legislative History
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993; Acts 1995, 74th Leg., ch. 76, Sec. 5.95(12), eff. Sept. 1, 1995; Acts 2001, 77th Leg., ch. 402, Sec. 20(a), eff. Sept. 1, 2001.
Nearby Sections
15
§ 105.001
DEFINITIONS.§ 105.002
FUNDS AFFECTED.§ 105.011
DEPOSITORY AUTHORIZED.§ 105.012
NOTICE.§ 105.013
APPLICATION.§ 105.014
REVIEW OF APPLICATIONS.§ 105.015
SELECTION OF DEPOSITORY.§ 105.016
DESIGNATION OF DEPOSITORY.§ 105.017
TERM OF DEPOSITORY CONTRACT.§ 105.018
ADDITIONAL SERVICES.§ 105.031
QUALIFICATION AS DEPOSITORY.§ 105.033
SURETY BOND.§ 105.034
CONDITIONS TO ACTING AS DEPOSITORY.§ 105.051
MAINTENANCE OF SECURITY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 105.031, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/105.031.