BILL ANALYSIS Senate Research Center S.B. 490 By: West Intergovernmental Relations 9/22/2009 Enrolled AUTHOR'S / SPONSOR'S STATEMENT OF INTENT Currently, all funds deposited with the Dallas County District Clerk's registry are held in a non-interest bearing accounts unless the court has ordered otherwise. More than $19 million in funds do not have attached orders for investment. As a consequence, the recipients of those funds, which may be held for more than five years, are not being paid in current dollars. S.B. 490 amends current law relating to money paid into the registry of a court in certain counties. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 117.111, Local Government Code, as follows: Sec. 117.111. New heading: SUBCHAPTER APPLICABLE TO COUNTY WITH POPULATION OF 1.3 MILLION OR MORE. Provides that this subchapter applies only to a county with a population of 1.3 million or more, rather than 2.4 million or more. SECTION 2. Amends the heading to Subchapter E, Chapter 117, Local Government Code, to read as follows: SUBCHAPTER E. SPECIAL PROVISIONS APPLYING TO FUNDS PAID INTO COURT REGISTRY IN COUNTY WITH POPULATION OF MORE THAN 1.3 MILLION SECTION 3. Effective date: September 1, 2009.
BILL ANALYSIS
Senate Research Center S.B. 490
By: West
Intergovernmental Relations
9/22/2009
Enrolled
AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
Currently, all funds deposited with the Dallas County District Clerk's registry are held in a non-interest bearing accounts unless the court has ordered otherwise. More than $19 million in funds do not have attached orders for investment. As a consequence, the recipients of those funds, which may be held for more than five years, are not being paid in current dollars.
S.B. 490 amends current law relating to money paid into the registry of a court in certain counties.
RULEMAKING AUTHORITY
This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 117.111, Local Government Code, as follows:
Sec. 117.111. New heading: SUBCHAPTER APPLICABLE TO COUNTY WITH POPULATION OF 1.3 MILLION OR MORE. Provides that this subchapter applies only to a county with a population of 1.3 million or more, rather than 2.4 million or more.
SECTION 2. Amends the heading to Subchapter E, Chapter 117, Local Government Code, to read as follows:
SUBCHAPTER E. SPECIAL PROVISIONS APPLYING TO FUNDS PAID
INTO COURT REGISTRY IN COUNTY WITH POPULATION OF
MORE THAN 1.3 MILLION
SECTION 3. Effective date: September 1, 2009.