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.