Sec. 116.111. CHARACTER AND AMOUNT OF DEPOSITS. The commissioners court may determine and designate the character and amount of county funds that will be demand deposits and that will be time deposits. The commissioners court may contract with a depository for interest on time deposits at any legal rate under a federal law or under a rule adopted by the board of governors of the Federal Reserve System or by the board of directors of the Federal Deposit Insurance Corporation.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 116 - Depositories for County Public Funds
Subchapter E. Depository Accounts
Section 116.111. Character and Amount of Deposits
Section 116.112. Investment of Funds
Section 116.113. Deposit of Funds
Section 116.114. Collections by Depository
Section 116.115. Clearinghouse for Multiple Depositories
Section 116.116. Obligations Payable at County Depository
Section 116.117. Statements of Account
Section 116.118. Debts Payable Other Than at County Treasury
Section 116.119. Requirements for Auditing and Countersigning Unaffected
Section 116.120. Collection of Certain Overdue County Orders for Payment or Checks