A municipality may approve, execute, and deliver any depository services contract whose term does not exceed five years. The depository services contract may only contain terms and conditions approved by the governing body of the municipality.
Tex. Loc. Gov't Code § 105.017
TERM OF DEPOSITORY CONTRACT
Added by Acts 1993, 73rd Leg., ch. 234, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.