Texas Statutes
§ 105.071 — CHARACTER AND AMOUNT OF DEPOSITS.
Texas § 105.071
JurisdictionTexas
Code LGLocal Government Code
This text of Texas § 105.071 (CHARACTER AND AMOUNT OF DEPOSITS.) 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. § 105.071 (2026).
Text
Sec. 105.071. CHARACTER AND AMOUNT OF DEPOSITS.
(a)The governing body of the municipality may determine and designate in the depository services contract the character and amount of municipal funds that will be demand deposits. However, the municipality has the right to maintain other investments of municipal funds in accordance with the investment policy adopted by the municipality.
(b)The designated officer may contract with a depository for interest on time deposits, including, without limitation, certificates of deposit, at any legal rate under federal or state law, rule, or regulation.
Free access — add to your briefcase to read the full text and ask questions with AI
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.
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 § 105.071, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/LG/105.071.