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Tex. Local Government Code § 105.053

SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 105.053, SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/689012
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At any time the governing body of the municipality considers it necessary for the protection of the municipality, the governing body may direct the designated officer to investigate the solvency of a surety company that issues a bond on behalf of a municipal depository or investigate the value of securities pledged by a depository to secure municipal funds.