Texas § 116.026 APPLICANTS OUTSIDE COUNTY.

Texas Statutes

§ 116.026 — APPLICANTS OUTSIDE COUNTY.

Texas § 116.026

Code LGLocal Government Code

This text of Texas § 116.026 (APPLICANTS OUTSIDE COUNTY.) 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. § 116.026 (2026).

Text

Sec. 116.026. APPLICANTS OUTSIDE COUNTY.

(a)If no bank located in the county applies to be designated as the county depository, the commissioners court may advertise, in the same manner provided by Section 116.022 for advertising for a depository within the county, for applications from banks in an adjoining county or any other county in this state.

(b)If only one bank located in the county applies to be designated as the county depository, the commissioners court may reject the applicant if the applicant proposes terms that:

(1)are not in the best interest of the county;

(2)are not financially competitive with the financial market outside the county; or

(3)impose noncompetitive fees.

(c)If the commissioners court rejects the applicant under Subsection (b), the commissioners court ma

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Sec. 116.026. APPLICANTS OUTSIDE COUNTY. (a) If no bank located in the county applies to be designated as the county depository, the commissioners court may advertise, in the same manner provided by Section 116.022 for advertising for a depository within the county, for applications from banks in an adjoining county or any other county in this state.
(b) If only one bank located in the county applies to be designated as the county depository, the commissioners court may reject the applicant if the applicant proposes terms that:
(1) are not in the best interest of the county;
(2) are not financially competitive with the financial market outside the county; or
(3) impose noncompetitive fees.
(c) If the commissioners court rejects the applicant under Subsection (b), the commissioners court may advertise, in the same manner provided by Section 116.022 for advertising for a depository within the county, for applications from banks in an adjoining county.