{"data":{"id":"us-tx/tex.-local-government-code-116.026","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 116.026","heading":"APPLICANTS OUTSIDE COUNTY.","body":"(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.\n(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:\n(1) are not in the best interest of the county;\n(2) are not financially competitive with the financial market outside the county; or\n(3) impose noncompetitive fees.\n(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.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.\nAmended by:\nActs 2023, 88th Leg., R.S., Ch. 1043 (S.B. 158), Sec. 1, eff. June 18, 2023.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE B. COUNTY FINANCES","CHAPTER 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS","SUBCHAPTER B. ESTABLISHMENT OF DEPOSITORY"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm#116.026","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"bec4c5079f90a40c1700ef90bdb607c8e07431d9dc8ebdcba65b2dc1cb7beb8c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-116.025","next":"us-tx/tex.-local-government-code-116.027"},"notice":"GroundRules: Original legal text. Not legal advice."}