Tex. Local Government Code § 116.026
APPLICANTS OUTSIDE COUNTY
Texas · Texas Local Government Code · Status: effective
Cite this
- Citation
- Tex. Local Government Code § 116.026, APPLICANTS OUTSIDE COUNTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/689244
- Permanent ID
ys:prov:689244@1- SHA-256
eccf4616b9a143b42952abd119fc4e3e9b2ed811f836247ef437b34bd861beca
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.
(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:
(1) are not in the best interest of the county;
(2) are not financially competitive with the financial market outside the county; or
(3) impose noncompetitive fees.
(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.