{"data":{"id":"us-tx/tex.-local-government-code-131.001","jurisdiction":"us-tx","citation":"Tex. Local Government Code § 131.001","heading":"SPECIAL DEPOSITORY AUTHORIZED.","body":"If a financial institution that is a depository under state law for the public funds of a county, municipality, or district suspends business or is taken charge of by a state or federal bank regulatory agency, the local government authority authorized to select the original depository may select by contract a special depository for the public funds in the suspended financial institution.\nActs 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 5.010, eff. Sept. 1, 1999.","path":["LOCAL GOVERNMENT CODE","TITLE 4. FINANCES","SUBTITLE C. FINANCIAL PROVISIONS APPLYING TO MORE THAN ONE TYPE OF LOCAL GOVERNMENT","CHAPTER 131. DEPOSITORY PROVISIONS AFFECTING FUNDS OF MUNICIPALITIES, COUNTIES, AND OTHER LOCAL GOVERNMENTS","SUBCHAPTER A. SPECIAL DEPOSITORY"],"source_url":"https://statutes.capitol.texas.gov/Docs/LG/htm/LG.131.htm#131.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:27Z","sha256":"dd06e29dd8a0dc98367f003484706f64f81affbe824ef50fd14bcf23d26d1b4c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-local-government-code-130.914","next":"us-tx/tex.-local-government-code-131.002"},"notice":"GroundRules: Original legal text. Not legal advice."}