{"data":{"id":"us-tx/tex.-local-government-code-116.001","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 116.001","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Bank\" means a:\n(A) bank organized under the laws of this state, another state, or federal law that has its main office or a branch office in this state; or\n(B) savings and loan association or savings bank organized under the laws of this state, another state, or federal law that has its main office or a branch office in this state.\n(2) \"Demand deposit\" means a deposit of funds that may be withdrawn on the demand of the depositor.\n(3) \"Time deposit\" means a deposit of funds subject to a contract between the depositor and the depository under which the depositor may not withdraw any of the funds by check or by another manner until the expiration of a certain period following written notice of the depositor's intent to withdraw the funds.\n(4) \"Subdepository bank\" means an authorized bank, other than a depository, that holds demand deposits, not exceeding the Federal Deposit Insurance Corporation's limit, of a district, county, or precinct officer.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1991, 72nd Leg., ch. 527, Sec. 1, eff. Sept. 1, 1991; Acts 1993, 73rd Leg., ch. 234, Sec. 4, eff. Sept. 1, 1993; Acts 1999, 76th Leg., ch. 344, Sec. 5.009, eff. Sept. 1, 1999.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE B. COUNTY FINANCES","CHAPTER 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm#116.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"3dfe1675d2608003faca5eb1d77cdea232e2b1d9f8bcef6d32ad26a0098ed4f4","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-115.901","next":"us-tx/tex.-local-government-code-116.002"},"notice":"GroundRules: Original legal text. Not legal advice."}