{"data":{"id":"us-tx/tex.-local-government-code-116.059","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 116.059","heading":"VALUATION OF REAL PROPERTY PROVIDED AS SECURITY.","body":"The commissioners court shall investigate all real property security and determine the value at which the property will be accepted. The commissioners court may not accept real property as security at a value greater than 50 percent of the reasonable market value of the property covered by a mortgage unless the mortgage is insured or guaranteed by the Federal Housing Administration.\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#116.059","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"f2910180f1bc043811eb378bea00ecc6ed2d7804e870682bced5f5043c049719","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-116.058","next":"us-tx/tex.-local-government-code-116.060"},"notice":"GroundRules: Original legal text. Not legal advice."}