Texas Statutes (Last Updated: January 4, 2014) |
LOCAL GOVERNMENT CODE |
Title 4. FINANCES |
Subtitle B. COUNTY FINANCES |
Chapter 116. DEPOSITORIES FOR COUNTY PUBLIC FUNDS |
Subchapter E. DEPOSITORY ACCOUNTS |
Sec. 116.115. CLEARINGHOUSE FOR MULTIPLE DEPOSITORIES
Latest version.
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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 , Sec. 22, eff. September 1, 2011.