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Texas Local Government Code - LOC GOV'T § 105.053. Solvency of Surety Company and Adequacy of Securities

Current as of January 01, 2024 | Updated by Findlaw Staff

At any time the governing body of the municipality considers it necessary for the protection of the municipality, the governing body may direct the designated officer to investigate the solvency of a surety company that issues a bond on behalf of a municipal depository or investigate the value of securities pledged by a depository to secure municipal funds.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 105.053. Solvency of Surety Company and Adequacy of Securities - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-105-053/

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