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

Tex. Local Government Code § 116.153: PRO RATA RECOVERY BY STATE AND COUNTY.

Where this section sits in the code

LOCAL GOVERNMENT CODE
TITLE 4. FINANCES
SUBTITLE B. COUNTY FINANCES
CHAPTER 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS
SUBCHAPTER F. LIABILITIES

If a county depository becomes insolvent and it becomes necessary to resort to the depository's bond or bonds to recover funds of the county and the state, the state and county are entitled to share pro rata in the recovery.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

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

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