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§ 131.005
<br />
<br />LOCAL GOVERNMENT CODE
<br />
<br />§ 131,005. State Funds
<br /> (a) The comptroller shall determine the amount of
<br />state hinds held by a county depository that suspends
<br />business or is taken charge of by a state or federal
<br />bank regulatory agency. The comptroller may:
<br />
<br /> (1) contract with a special depository selected by
<br /> the county authorities as provided by this subchap-
<br /> ter for the custody and payment of those funds;
<br /> and
<br /> (2) approve a bond for the deposit contract.
<br /> (b) State funds placed in a special depository as
<br />pro~4ded by Subsection (a) shall bear the average rate
<br />of interest received by tbc state on state funds placed
<br />Mth regularly selected state depositories.
<br />
<br /> (c) The comptroller may proceed with available le-
<br />gal remedios against a suspended bank that is a
<br />dcposito~w fi)r state funds if the comptroller consklers
<br />that action to be in the best interest of the public.
<br />Added bv Acts 1993, 73rd Leg., ch. 268, § 35, eft. Sept. 1,
<br />1993. A~nended by Acts 1999, 76th Leg., ch. 344, § 5.011,
<br />eft. Sept. 1, 1999.
<br />
<br /> [Sections 131.006 to 131.900 rese~wed for expansion]
<br />
<br /> SUBCHAPTER Z. MISCELLANEOUS
<br /> pi.'OVISIONS
<br />
<br /> § 131.901. Oat-of-State Depository Prohibited
<br />
<br /> (a) The governing body of a political subdMsion,
<br /> including a county, municipality, school district, or
<br /> other district, may not designate a financial institution
<br /> located outside the state as a depository for funds
<br /> under the governing body's jurisdiction. An out-of-
<br /> state financial institution is not considered to be locat-
<br /> ed outside tids stale to thc extent the governing body
<br /> deslgnales a branch office of sech institution that is
<br /> located in this state.
<br />
<br /> (b) An institution selected as a pa~ng agent or
<br /> trastee for specific bonds or obligations or an institu-
<br /> tion selected by tbe govarning body to provide safe-
<br /> keeping setwices is not considered a depository for
<br /> purposes of this section.
<br /> Acts 19S7, 70th Leg., ch. 149. § 1, eft. Sept. 1, 1987. Amend-
<br /> ed by Acts 1993, 73rd Leg., ch. 234, § 3, elf. Sept. 1, 1993;
<br /> Acts 1999, 76th Leg., eh. 344, § 5.012, elf. Sept. 1, 1999.
<br />
<br /> § 131.902. Pnrsuit of Legal Remedies Against
<br /> Suspended Bank
<br />
<br /> A county, municipality, or district authority may
<br /> proceed ,~Sth available legal remedies against a sus-
<br /> ponded bank that is a depository for public funds of
<br /> 208
<br />
<br />the authority ff the authority considem that action to
<br />be in the best interest of the public.
<br />
<br />Acts 1987, 70th Leg., ch. 149, § 1, eft. Sept. 1, 1987.
<br />
<br />§ 131.903. Conflict of Interest
<br />
<br /> (a) A bank is not disqualified from serving as a
<br />depository for funds of a political subdivision if:
<br />
<br /> (1) an officer or employee of the political subdivi-
<br /> sion who does not have the duty to select the
<br /> political su[a'livlslon's depository is an officer, di-
<br /> rector, or shareholder of the bank; or
<br /> (2) one or more officers or employees of the
<br /> political subdivision who have the duty' to select the
<br /> political subdivision's depositow are officers m' di-
<br /> reetors of the bank or o~xm or have a beneficial
<br /> interest, individually or collectively, in 10 percent or
<br /> less of the outstanding capital stock of thc bank, if:
<br /> (A) a majotqty of the meinbers of the imm'd,
<br /> commission, or other body of the political sul)dM-
<br /> siou vote to select the bank as a depository; and
<br /> (B) the interested officer or employee does not
<br /> vote or take part in the proceedings.
<br /> (b) This section may ,lot be construed as changSng
<br /> or snperseding a conflicting provision in the charter of
<br /> a home-role municipality.
<br />
<br /> Added by Acts 1993, 73rd Leg., ch. 268, § 36. eft. Sept. 1,
<br /> 1993.
<br />
<br />CI1APTER 132. PAYMENT OF FEES AND OTH-
<br /> ER COSTS BY CREDIT CARD OR ELEC-
<br /> TRONIC MEANS IN MUNICIPA[ATIES AND
<br /> COUNTIES
<br />
<br />Section
<br />132.001.
<br />132.002.
<br />
<br />132.003.
<br />132.004.
<br />132.005.
<br />132.006.
<br />
<br />Definitions.
<br />Payment at' Fees or Cost~ by Ct~,dit ('m'd or
<br /> Electronic Means.
<br />Processing or Handling Fee.
<br />Smwice Charge.
<br />Encumbrance of Credit Cards; Fee,
<br />Disposition of Fees and Charges.
<br />
<br />Acts 1997, 75th Leg., ch. 14& § 4, cff Sept.
<br />1, 1997 amended the chapter headb~g
<br />
<br />§ 132.001. Definitions
<br />
<br /> In this chapter:
<br />
<br /> (1) "Credit card" means a cat~l, plate, or simltar
<br /> device used to make purchases on credit oc to
<br /> bo~'ow money.
<br />
<br /> (2)"
<br /> ment b
<br /> pa.mne~
<br />
<br />Acts 1987.
<br />ed by Act
<br />
<br />§ 132.092
<br />
<br /> (a) Th,
<br />
<br />of a re,'
<br />connnissi
<br />precinct ~
<br />lng the p
<br />
<br /> (b) Th,
<br />thorize ;
<br />
<br /> (1) ~
<br />
<br /> (2) *
<br /> credit ,
<br /> (c) Ti~
<br />ty or pr
<br />
<br />state to:
<br />
<br />to collect
<br />paymenl
<br />
<br /> (d) A,
<br />
<br />Acts 19:~7
<br />ed by
<br />
<br />§ 132.00.
<br /> (a) Th
<br /> fee in a,
<br /> expense
<br />
<br /> that ext,
<br />
<br /> (b) TI
<br /> the pro~
<br /> related
<br /> official i
<br />
<br /> lng fee i
<br />
<br />
<br />
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