Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Local Government Code § 105.053: SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.

Where this section sits in the code

LOCAL GOVERNMENT CODE
TITLE 4. FINANCES
SUBTITLE A. MUNICIPAL FINANCES
CHAPTER 105. DEPOSITORIES FOR MUNICIPAL FUNDS
SUBCHAPTER D. MAINTENANCE AND MODIFICATION OF SECURITY

At any time the governing body of the municipality considers it necessary for the protection of the municipality, the governing body may direct the designated officer to investigate the solvency of a surety company that issues a bond on behalf of a municipal depository or investigate the value of securities pledged by a depository to secure municipal funds.

Added by Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Sec. 105.056 and amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993.

Collected 2026-08-27T01:47:27Z. Source file · JSON

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