{"data":{"id":"us-tx/tex.-local-government-code-105.053","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 105.053","heading":"SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.","body":"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.\nAdded 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.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE A. MUNICIPAL FINANCES","CHAPTER 105. DEPOSITORIES FOR MUNICIPAL FUNDS","SUBCHAPTER D. MAINTENANCE AND MODIFICATION OF SECURITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.105.htm#105.053","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"9a4dc61b198079e83d65ff707b4103c92e00fa16fe17fc02067697e12855fad5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-105.051","next":"us-tx/tex.-local-government-code-105.054"},"notice":"GroundRules: Original legal text. Not legal advice."}