Texas § GV.2306.119 - SELECTION OF DEPOSITORY FOR OPERATING FUNDS
Full text of Texas The Texas Constitution § GV.2306.119 — SELECTION OF DEPOSITORY FOR OPERATING FUNDS, with citation guidance and answers to common questions.
§ GV.2306.119. SELECTION OF DEPOSITORY FOR OPERATING FUNDS
SELECTION OF DEPOSITORY FOR OPERATING FUNDS. (a) The department shall choose a depository for the operating funds of the housing finance division after inviting bids for favorable interest rates. (b) The housing finance division shall publish notice in at least one newspaper of general circulation in this state no later than the 14th day before the last day set for the receipt of the bids. (c) Notice published under this section must state the: (1) types of deposits planned; (2) last day on which bids will be received; and (3) time and place for opening bids. (d) Sealed bids must be: (1) identified on the envelope as bids; and (2) submitted to the housing finance division before the deadline for receiving bids. (e) The housing finance division shall provide a tabulation of all submitted bids for public inspection. (f) The department shall choose the depository submitting the bid with the most favorable financial terms to the department, considering the security and efficiency with which the depository is capable of managing the department's funds. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2306.119
What does The Texas Constitution § GV.2306.119 cover?
Section GV.2306.119 ("SELECTION OF DEPOSITORY FOR OPERATING FUNDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2306.119?
A common citation format is "The Texas Constitution § GV.2306.119" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2306.119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.