reglab/housing_qa huggingface dataset:
TX Loc Govt Code § 116.086 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter D. Maintenance and Modification of Security|Section 116.086. Solvency of Surety Company and Adequacy of Securities

Sec. 116.086.  SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES.  Whenever the commissioners court considers it necessary for the protection of the county, the commissioners court may investigate the solvency of a surety company that issues a bond on behalf of a depository of county funds or investigate the value of securities pledged by a depository to secure county funds.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.087 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter D. Maintenance and Modification of Security|Section 116.087. Additional Bond

Sec. 116.087.  ADDITIONAL BOND.  (a)  If after a county establishes a depository the county or a subdivision of the county receives funds from the sale of bonds or otherwise, at the next meeting of the commissioners court, or as soon afterward as is practical, the commissioners court may make written demand on the depository to provide an additional bond in an amount equal to the amount of funds received.  If county funds derived from the sale of county securities during the term of a depository bond are deposited with the depository, the commissioners court shall require an additional bond in an amount equal to the additional county funds.  The depository shall continue the additional bond in effect as long as the additional funds remain in the depository.(b)  The depository may cancel this extra or special bond and concurrently substitute a new bond for it as the additional funds are reduced.  However, the additional bond must always at least equal the amount of the additional funds.(c)  If a depository does not provide an additional bond under Subsection (a) within 30 days after the date the commissioners court demands the additional bond, the commissioners court may withdraw the additional funds from the depository by the draft of the county treasurer and deposit them in a solvent national or state bank that has a combined capital stock and surplus greater than the amount of the additional funds.  The commissioners court may leave the additional funds on deposit with this alternative bank until the county depository files the required additional bond with the commissioners court, after which the commissioners court shall redeposit the balance of the additional funds with the county depository.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.088 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter D. Maintenance and Modification of Security|Section 116.088. Release of Surety Company

Sec. 116.088.  RELEASE OF SURETY COMPANY.  (a)  A surety company may be relieved of its obligations under a surety bond executed on behalf of a county depository after the 30th day after the date it gives written notice to the commissioners court requesting to be released.(b)  A surety company is not relieved under Subsection (a) of liability for a loss sustained by the county before the expiration of the bond.(c)  If a depository's surety company requests to be relieved from its obligations under Subsection (a), the depository shall provide further security acceptable to the commissioners court to secure county funds under this chapter.  The depository shall provide the further security before termination of the surety's obligations under the bond.  The new security shall be filed in the county clerk's office.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.089 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter D. Maintenance and Modification of Security|Section 116.089. Surrender of Interest on Securities

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.|
TX Loc Govt Code § 116.111 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.111. Character and Amount of Deposits

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.|
TX Loc Govt Code § 116.112 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.112. Investment of Funds

Sec. 116.112.  INVESTMENT OF FUNDS.  (a)  The commissioners court may direct the county treasurer to withdraw any county funds deposited in a county depository that are not immediately required to pay obligations of the county and invest those funds as provided by this section unless such an investment or withdrawal is prohibited by law or the withdrawal is contrary to the terms of the depository contract.(b)  The funds may be invested in accordance with Subchapter A, Chapter 2256, Government Code.  In addition to the obligations, certificates, and agreements described by that Act, the funds may be invested in certificates of deposit issued by a state or federal savings and loan association domiciled in this state, the payment of which is insured in full by the Federal Savings and Loan Insurance Corporation or its successor.(c)  If a county purchases a security repurchase agreement, the agreement must be purchased under a master contractual agreement that specifies the rights and obligations of both parties and that requires that securities involved in the transaction be held in a safekeeping account subject to the control and custody of the county.(d)  Repealed by Acts 1989, 71st Leg., ch. 754, Sec. 2, eff. June 15, 1989.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1989, 71st Leg., ch. 1, Sec. 15(c), eff. Aug. 28, 1989;  Acts 1989, 71st Leg., ch. 754, Sec. 1, 2, eff. June 15, 1989;  Acts 1995, 74th Leg., ch. 76, Sec. 5.95(11), eff. Sept. 1, 1995.|
TX Loc Govt Code § 116.113 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.113. Deposit of Funds

Sec. 116.113.  DEPOSIT OF FUNDS.  (a)  Immediately after the commissioners court designates a county depository, the county treasurer shall transfer to the depository all of the county's funds and the funds of any district or municipal subdivision of the county that does not select its own depository.  The treasurer shall also immediately deposit with the depository to the credit of the county, district, or municipality any money received after the depository is designated.(b)  A county tax assessor-collector shall immediately deposit in the county depository taxes collected on behalf of the state, the county, or a district or municipal subdivision of the county.  The taxes remain on deposit pending the preparation and settlement of the assessor-collector's report on the tax collections.(c)  If a commissioners court that controls school district funds elects to transfer the funds during a school year from a county depository to another bank, the school district may require the commissioners court to delay the transfer until the earlier of the end of the school district's current fiscal year or the next September 1.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.114 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.114. Collections by Depository

Sec. 116.114.  COLLECTIONS BY DEPOSITORY.  A county depository shall collect all checks, drafts, and demands for money deposited with it by the county.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.115 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.115. Clearinghouse for Multiple Depositories

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.|
TX Loc Govt Code § 116.116 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.116. Obligations Payable at County Depository

Sec. 116.116.  OBLIGATIONS PAYABLE AT COUNTY DEPOSITORY.  (a)  A county depository shall pay a check or order for payment drawn by the county treasurer against funds deposited with the depository on presentation of the check or order if the funds subject to the check or order are in the possession of the depository, and, in the case of a time deposit, if the agreed period of notice has expired.(b)  If the commissioners court selects a depository in another county under Section 116.026, the depository shall file a statement with the county treasurer designating the place in the county governed by the commissioners court where, and the person by whom, deposits by the treasurer may be received and checks will be paid, or the place in another county where deposits may be made and checks may be paid.  The statement must be filed within five days after the date notice is given to the depository of its selection.(c)  An order for payment or check, including an order or check issued prior to September 1, 1993, issued by the county treasurer in settlement of a claim against a county that is not presented for payment before the 366th day following the date of issuance is overdue and nonnegotiable.  The sum of the overdue order or check shall be credited as revenue to the county if delivery to the payees was attempted or occurred within a reasonable time following the issuance of the order or check.  No right to full settlement of a proper unpaid claim is extinguished by this subsection.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1991, 72nd Leg., ch. 326, Sec. 1, eff. June 5, 1991;  Acts 1993, 73rd Leg., ch. 931, Sec. 1, eff. Aug. 30, 1993;  Acts 1997, 75th Leg., ch. 329, Sec. 1, eff. May 26, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 606 (S.B. 373), Sec. 23, eff. September 1, 2011.|
TX Loc Govt Code § 116.117 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.117. Statements of Account

Sec. 116.117.  STATEMENTS OF ACCOUNT.  A depository shall make a detailed monthly statement to the commissioners court at each regular term of the court.  The statement must show the daily balance credited to each of the funds on deposit.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.118 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.118. Debts Payable Other Than at County Treasury

Sec. 116.118.  DEBTS PAYABLE OTHER THAN AT COUNTY TREASURY.  The commissioners court may instruct the county treasurer to deposit money adequate to pay a bond, coupon, or other indebtedness of the county at a place other than at the county treasury if by its terms the indebtedness is payable on maturity at the other location and if the payment is otherwise made in the manner required by law.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.119 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.119. Requirements for Auditing and Countersigning Unaffected

Sec. 116.119.  REQUIREMENTS FOR AUDITING AND COUNTERSIGNING UNAFFECTED.  This chapter does not affect the application of a law or regulation providing for auditing and countersigning.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.120 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter E. Depository Accounts|Section 116.120. Collection of Certain Overdue County Orders for Payment or Checks

Sec. 116.120.  COLLECTION OF CERTAIN OVERDUE COUNTY ORDERS FOR PAYMENT OR CHECKS.  (a)  This section applies only to an order for payment or check issued by a county treasurer in settlement of a claim against a county that has not been presented for payment.(b)  A person attempting to recover funds from the county for a check or order for payment issued by the county treasurer may not charge the person to whom the check or order was issued and on whose behalf the attempted recovery is made, or that person's successors or assigns, a fee in an amount equal to more than 10 percent of the face value of the check or order.(c)  A county treasurer may collect a reasonable research fee to determine if a claim submitted under this section is valid.  The treasurer may include the costs of inquiries to depository banks, research of accounting records, and other similar actions in setting the fee.  A county treasurer may require the fee to be paid before a claim may be processed or researched under this section.|Added by Acts 1997, 75th Leg., ch. 142, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 606 (S.B. 373), Sec. 24, eff. September 1, 2011.Acts 2011, 82nd Leg., R.S., Ch. 606 (S.B. 373), Sec. 25, eff. September 1, 2011.|
TX Loc Govt Code § 116.151 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter F. Liabilities|Section 116.151. Liabilities of Sureties on Separate Bonds

Sec. 116.151.  LIABILITIES OF SURETIES ON SEPARATE BONDS.  If a county depository provides separate bonds to secure county funds, each surety under a bond is liable only for that part of a loss resulting from the failure of the depository that bears to the total loss the same ratio as the amount of the bond bears to the total amount of all bonds and securities held by the county for the protection of the funds covered by the bond.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.152 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter F. Liabilities|Section 116.152. Subrogation of Sureties

Sec. 116.152.  SUBROGATION OF SURETIES.  If a personal surety or a surety company pays for a loss to a county under a depository bond, the surety is subrogated to the rights of the county in an amount equal to the amount of the surety's payment.  However, the amount of the subrogation may not exceed the amount of the deposit secured by the surety at the time of the depository's default.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.153 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter F. Liabilities|Section 116.153. Pro Rata Recovery by State and County

Sec. 116.153.  PRO RATA RECOVERY BY STATE AND COUNTY.  If a county depository becomes insolvent and it becomes necessary to resort to the depository's bond or bonds to recover funds of the county and the state, the state and county are entitled to share pro rata in the recovery.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.|
TX Loc Govt Code § 116.154 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter F. Liabilities|Section 116.154. Liability of Depository Pending Collection of Deposits

Sec. 116.154.  LIABILITY OF DEPOSITORY PENDING COLLECTION OF DEPOSITS.  A county depository that uses due diligence to collect a check, draft, or demand for money deposited by the county with the depository is not liable for the collection until the proceeds have been received by the depository.  The depository shall charge the county and the county shall pay a collection expense that the depository may not pay or absorb because of a federal law or a regulation 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.|
TX Loc Govt Code § 116.155 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 116 - Depositories for County Public Funds|Subchapter F. Liabilities|Section 116.155. Failure of Depository to Pay Check or Order for Payment

Sec. 116.155.  FAILURE OF DEPOSITORY TO PAY CHECK OR ORDER FOR PAYMENT.  A depository that does not pay a check or order for payment as required by Section 116.116(a) is liable for and shall pay to the holder 10 percent of the amount of the check or order for payment, and the commissioners court shall revoke the order creating the depository.|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. 26, eff. September 1, 2011.|
TX Loc Govt Code § 117.001 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds|Subchapter A. General Provisions|Section 117.001. Definitions

Sec. 117.001.  DEFINITIONS.  In this chapter:(1)  "Bank" means a banking corporation or association, an individual banker, or a state or federal savings and loan association or savings bank.(2)  "Clerk" means a county clerk, a district clerk, or a county and district clerk.(3)  "Registry funds" means funds tendered to the clerk for deposit into the registry of the court.(4)  "Separate account" means funds transferred from a special account into a separate interest-bearing account.(5)  "Special account" means an account in a depository in which registry funds are placed.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1995, 74th Leg., ch. 552, Sec. 1, eff. Sept. 1, 1995;  Acts 1997, 75th Leg., ch. 505, Sec. 1, eff. Sept. 1, 1997.|
TX Loc Govt Code § 117.002 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds|Subchapter A. General Provisions|Section 117.002. Transfer of Unclaimed Funds to Comptroller

Sec. 117.002.  TRANSFER OF UNCLAIMED FUNDS TO COMPTROLLER.  Any funds deposited under this chapter, except cash bail bonds, that are presumed abandoned under Chapter 72, 73, or 75, Property Code, shall be reported and delivered by the county or district clerk to the comptroller without further action by any court.  The dormancy period for funds deposited under this chapter begins on the later of:(1)  the date of entry of final judgment or order of dismissal in the action in which the funds were deposited;(2)  the 18th birthday of the minor for whom the funds were deposited;  or(3)  a reasonable date established by rule by the comptroller to promote the public interest in disposing of unclaimed funds.|Added by Acts 1991, 72nd Leg., ch. 153, Sec. 26, eff. Sept. 1, 1991.  Amended by Acts 1997, 75th Leg., ch. 329, Sec. 2, eff. May 26, 1997;  Acts 1997, 75th Leg., ch. 505, Sec. 2, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1037, Sec. 2, eff. Sept. 1, 1997;  Acts 1997, 75th Leg., ch. 1423, Sec. 13.01, eff. Sept. 1, 1997.|
TX Loc Govt Code § 117.003 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds|Subchapter A. General Provisions|Section 117.003. Compliance With Federal Tax Law for Funds Held Under This Chapter

Sec. 117.003.  COMPLIANCE WITH FEDERAL TAX LAW FOR FUNDS HELD UNDER THIS CHAPTER.  (a)  If any funds deposited under this chapter are placed into an interest-bearing account, any person with a taxable interest in funds deposited to such account must submit appropriate tax forms and provide correct information to the district or county clerk so that the interest earned on such funds can be timely and appropriately reported to the Internal Revenue Service.  The information and forms provided to the district or county clerk under this section are not subject to public disclosure except to the extent necessary to effectuate compliance with federal tax law requirements.(b)  The district or county clerk is authorized to pay any or all of the interest earned on funds deposited under this chapter, without court order, to the Internal Revenue Service to satisfy tax withholding requirements.|Added by Acts 1997, 75th Leg., ch. 505, Sec. 3, eff. Sept. 1, 1997.|
TX Loc Govt Code § 117.022 (2021)
2021 Texas Statutes|Local Government Code|Title 4 - Finances|Subtitle B - County Finances|Chapter 117 - Depositories for Certain Trust Funds and Court Registry Funds|Subchapter B. Establishment of Depository|Section 117.022. Notice

Sec. 117.022.  NOTICE.  A county shall advertise or give notice that the county will accept applications to be the depository for registry funds held by the county clerk and the district clerk in the same manner as notice is required under Section 116.022.|Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.  Amended by Acts 1997, 75th Leg., ch. 505, Sec. 5, eff. Sept. 1, 1997.|