Sec. 116.060. SECURITY NOT REQUIRED FOR FEDERALLY INSURED DEPOSITS. A depository is not required to provide security for the deposit of county funds to the extent the deposits are insured under 12 U.S.C.A. Sections 1811-1832.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 116 - Depositories for County Public Funds
Subchapter C. Security for Funds Held by Depository
Section 116.051. Qualification as Depository or Subdepository
Section 116.052. Personal Bond
Section 116.054. Bonds, Notes, and Other Securities
Section 116.055. First Mortgages on Improved Real Property
Section 116.056. Real Property
Section 116.0565. Certificate of Deposit
Section 116.057. Condition of Personal Bond or Contract for Securities
Section 116.058. Amount of Security Required
Section 116.059. Valuation of Real Property Provided as Security
Section 116.060. Security Not Required for Federally Insured Deposits