Sec. 93.005. FISCAL AGENT. (a) A savings bank may act as fiscal agent of the United States. A savings bank designated as fiscal agent of the United States by the secretary of the treasury shall act under regulations as required by the secretary and may act as fiscal agent for an instrumentality of the United States.
(b) A savings bank may act as fiscal agent of this state or of a governmental subdivision or instrumentality of this state.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Section 93.001. General Corporate Powers
Section 93.002. Enlargement of Powers
Section 93.003. Powers of Federal Savings Bank
Section 93.004. Power to Borrow
Section 93.006. Power to Act Under Certain Federal Retirement Plans
Section 93.008. Powers Relative to Other Financial Institutions
Section 93.009. Right to Act to Avoid Loss
Section 93.010. Closing Place of Business