Gavvy: Loc. Gov’t Code, Sec. 116.086. Solvency of Surety Company and Adequacy of Securities.

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Sec. 116.086. Solvency of Surety Company and Adequacy of Securities.

Sec. 116.086. SOLVENCY OF SURETY COMPANY AND ADEQUACY OF SECURITIES. Whenever the commissioners court considers it necessary for the protection of the county, the commissioners court may investigate the solvency of a surety company that issues a bond on behalf of a depository of county funds or investigate the value of securities pledged by a depository to secure county funds.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Gavvy last updated this database on: Sep 6, 2024