2005 Texas Government Code CHAPTER 1302. DESTRUCTION OF COUNTY SECURITY

GOVERNMENT CODE

CHAPTER 1302. DESTRUCTION OF COUNTY SECURITY


	§ 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, § 1, eff. Sept. 1, 1999.           


	§ 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, § 1, eff. Sept. 1, 1999.           


	§ 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, § 1, eff. Sept. 1, 1999.