Texas Local Government Code 105.015 – Selection of Depository
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(a) The governing body of a municipality may authorize the designated officer to execute on the municipality’s behalf one or more depository services contracts.
(b) The governing body may reject any of the applications and readvertise if all applications are rejected.
Terms Used In Texas Local Government Code 105.015
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
(c) The conflict of interests provisions of Section 131.903 apply to the selection of the depositories.