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Added by Acts 1993, 73rd Leg, ch. 268, S 1, eff. Sept. 1, 1993. S 2257.024. Contract for Securing Deposit of Public Funds ( a) A public entity may contract with a bank that has its main office or a branch office in this state to secure a deposit of public fundsa (b) The contract may contain a term or condition relating to an investment security used as security for a deposit of public funds, including a term or condition relating to the: (1) possession of the collateral; (2) substitution or release of an investment security; (3) ownership of the investment securities of the bank used to secure a deposit of public funds; and ( 4) method by which an investment security used to secure a deposit of public funds is valued. Added by Acts 1993, 73rd Leg, ch. 268, S 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 344, S 5.006, eff. Sept. 1, 1999. S 2257.025. Records of Depository (a) A public entity's depository shall maintain a separate, accurate, and complete record relating to a pledged investment security, a deposit of public funds, and a transaction related to a pledged investment securitYa (b) The comptroller or the public entity may examine and verify at any reasonable time a pledged investment security or a record a depository maintains under this sectiona Added by Acts 1993, 73rd Leg, ch. 268, S 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 891, S 3.16, eff. Sept. 1,1997. S 2257.026. Change in Amount or Activity of Deposits of Public Funds A public entity shall inform the depository for the public entity's deposit of public funds of a significant change in the amount or activity of those deposits within a reasonable time before the change occursa Added by Acts 1993, 73rd Leg, ch. 268, S 1, eff. Sept. 1, 1993. City of San Marcos Investment Policy Page 35