4. A. 1.
Commissioners Court - Regular
Commissioners Court Admin
Discuss and consider authorizing a two-year extension to the County Bank Depository Agreement and the County & District Clerk Court & Registry Funds Bank Depository Agreement pursuant to Texas Local Government Code 116.021 and 117.021; and related matters.
The statutes that govern selection of a bank depository were changed by the Texas Legislature in 2007. The law now provides that counties may renew an existing bank depository contract for an additional two-year term and, at that time, negotiate new interest rates and terms.
The Investment Committee unanimously recommends that the depository contracts with Frost Bank be renewed for an additional two-year term pursuant to Texas Local Government Code Sections 116.0219(a) and 117.021.
Attached are the extension agreements which maintains all pricing, fees, terms and conditions the same as the original agreements.
Information about available funds
Funds NOT Available:
Account Code(s) for Available Funds
Depository Agreements - Extension
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