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Texas Local Government Code - LOC GOV'T § 131.004. Bond

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

(a) To secure the performance of a special depository contract, the special depository shall execute a bond, or bonds in the case of installments, with the same character of sureties required for regular depository bonds.

(b) The local government authority authorized by law to approve a bond of a regularly selected depository must approve a bond of a special depository.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 131.004. Bond - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-131-004/

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