CHAPTER 1302. DESTRUCTION OF COUNTY SECURITY - Texas Statutes

GOVERNMENT CODE

TITLE 9. PUBLIC SECURITIES

SUBTITLE D. PROVISIONS APPLICABLE TO SECURITIES ISSUED BY

COUNTIES

CHAPTER 1302. DESTRUCTION OF COUNTY SECURITY

Sec. 1302.001. DEFINITION. In this chapter, "county security"

means a certificate, bond, interest coupon, or other evidence of

indebtedness issued by a county.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,

1999.

Sec. 1302.002. AUTHORIZATION. The commissioners court of a

county may contract with the county's depository or another

entity that acts as the registrar or paying agent for a county

security issued by the county for the destruction of a county

security that has been issued and paid by the county.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,

1999.

Sec. 1302.003. LIMITATION. A contract under Section 1302.002

may not authorize the destruction of a county security before:

(1) the first anniversary of the date the county security is

paid; or

(2) the end of the third month after the date the depository,

registrar, or paying agent files a list identifying the county

security to be destroyed with the commissioners court or county

treasurer.

Added by Acts 1999, 76th Leg., ch. 227, Sec. 1, eff. Sept. 1,

1999.