Sec. 116.089. SURRENDER OF INTEREST ON SECURITIES. On the request of a county depository, the commissioners court shall surrender, when due, interest coupons or other evidence of interest on securities deposited by the depository with the commissioners court if the securities remaining pledged by a depository are adequate to meet the requirements of the commissioners court.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 116 - Depositories for County Public Funds
Subchapter D. Maintenance and Modification of Security
Section 116.082. Substitution of Securities
Section 116.083. Release of Excess Security
Section 116.084. Inadequate Security
Section 116.085. Solvency of Personal Surety
Section 116.086. Solvency of Surety Company and Adequacy of Securities
Section 116.087. Additional Bond