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Tex. Local Government Code § 131.002

DUTIES OF SPECIAL DEPOSITORY

Texas · Texas Local Government Code · Status: effective

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Tex. Local Government Code § 131.002, DUTIES OF SPECIAL DEPOSITORY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/689451
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The special depository shall assume the payment of the amount of public funds due by the suspended bank on the date of its suspension, including interest to that date, and shall pay that amount to the designated local government authority in accordance with the contract entered into by the special depository.