Sec. 105.017. TERM OF DEPOSITORY CONTRACT. A municipality may approve, execute, and deliver any depository services contract whose term does not exceed five years. The depository services contract may only contain terms and conditions approved by the governing body of the municipality.
Added by Acts 1993, 73rd Leg., ch. 234, Sec. 1, 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