Sec. 105.015. SELECTION OF DEPOSITORY. (a) The governing body of a municipality may authorize the designated officer to execute on the municipality's behalf one or more depository services contracts.
(b) The governing body may reject any of the applications and readvertise if all applications are rejected.
(c) The conflict of interests provisions of Section 131.903 apply to the selection of the depositories.
Added by Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Sec. 105.014 and amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1993, 73rd Leg., ch. 268, Sec. 25, eff. Sept. 1, 1993.
Structure Texas Statutes
Subtitle A - Municipal Finances
Chapter 105 - Depositories for Municipal Funds
Subchapter B. Establishment of Depository
Section 105.011. Depository Authorized
Section 105.014. Review of Applications
Section 105.015. Selection of Depository
Section 105.016. Designation of Depository