CHAPTER 1302. DESTRUCTION OF COUNTY SECURITY
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.