{"data":{"id":"us-tx/tex.-local-government-code-116.056","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 116.056","heading":"REAL PROPERTY.","body":"(a) If approved by the commissioners court, improved and unencumbered real property, pledged directly by deed of trust to a trustee selected by the commissioners court, with the county judge as beneficiary, qualifies as security under this subchapter.\n(b) Before approving real property offered as security, the commissioners court shall require:\n(1) a written opinion by an attorney selected by the commissioners court showing that the lien is superior to any other claim to or right in the real property; and\n(2) insurance approved by the county judge covering the improvements on the pledged real property and providing that a loss is payable to the county judge.\n(c) An insurance policy required under Subsection (b) must be issued by a stock fire insurance company or mutual fire insurance company that has a $100,000 surplus in excess of all legal reserves and other liabilities.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE B. COUNTY FINANCES","CHAPTER 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS","SUBCHAPTER C. SECURITY FOR FUNDS HELD BY DEPOSITORY"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.116.htm#116.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"a0eb668724c8a8f095b48763f212bf5abbbfba8edf41c440ecef4e75f4025f50","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-116.055","next":"us-tx/tex.-local-government-code-116.0565"},"notice":"GroundRules: Original legal text. Not legal advice."}