Texas § FI.279.152 - DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT
Full text of Texas The Texas Constitution § FI.279.152 — DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT, with citation guidance and answers to common questions.
§ FI.279.152. DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT
DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT. (a) A local government may deposit public funds with a financial institution designated as a banking district depository or a credit union designated as a credit union district depository under Section 279.151 regardless of whether the financial institution or credit union is designated by the comptroller as a state depository under Subchapter C , Chapter 404 , Government Code. (b) Subject to an agreement between the governing body and the banking district or credit union district depository, public funds deposited in the district depository may earn a fixed interest rate that is at or below the financial institution's or credit union's posted two-year certificate of deposit rate, as appropriate. The terms of the agreement must be specified in the applicable resolution adopted under Section 279.151 . Added by Acts 2015, 84th Leg., R.S., Ch. 967 (H.B. 1626 ), Sec. 1, eff. September 1, 2015.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.279.152
What does The Texas Constitution § FI.279.152 cover?
Section FI.279.152 ("DEPOSIT OF PUBLIC FUNDS BY LOCAL GOVERNMENT") 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 § FI.279.152?
A common citation format is "The Texas Constitution § FI.279.152" (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 § FI.279.152 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.