Tex. Loc. Gov't Code § 105.018
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In addition to depository services, a municipality may contract with financial institutions, including banks, credit unions, and savings associations, for additional financial services under a separate contract if the governing body of the municipality determines that additional financial services are necessary in the administration, collection, investment, and transfer of municipal funds.
Tex. Loc. Gov't. Code § 105.018