Texas SB2157 amends Local Government Code to revise procedures for selecting depositories for registry funds held by justice court, county, and.
Texas SB2157 amends the Local Government Code to revise procedures for selecting depositories for registry funds held by justice court, county, and district clerks. The bill mandates that counties select federally insured banks as depositories for these funds, with contracts lasting two or four years, renewable once. It also outlines procedures for selecting new depositories, including advertising for applications and requiring a certified check as a good-faith guarantee.
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