Sec. 116.115. CLEARINGHOUSE FOR MULTIPLE DEPOSITORIES. If the funds of a county are deposited with more than one depository, the commissioners court shall by order name one of the depositories to act as a clearinghouse for the others. All county orders for payment are finally payable at the depository named as the clearinghouse.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 606 (S.B. 373), Sec. 22, eff. September 1, 2011.
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