DecisionDepot
California legal research

Texas Local Government Code

§ 105.033 — SURETY BOND

LG § 105.033Title 4. FINANCES · Part A. MUNICIPAL FINANCES · Ch. 105. DEPOSITORIES FOR MUNICIPAL FUNDS · Art. C. SECURITY FOR FUNDS HELD BY DEPOSITORY

Statute text

View on source
(a)One or more bonds issued and executed by one or more solvent surety companies authorized to do business in this state, payable to the municipality and filed with the secretary and the designated officer of the municipality, qualify as security under this subchapter if the bonds are approved by the governing body.
(b)After the governing body approves a surety bond, it shall be filed with the secretary and the designated officer of the municipality.

Legislative history

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Amended by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff. Sept. 1, 1993.

Source: Texas Local Government Code § 105.033 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.