82R8724 SLB-F
By: Harless H.B. No. 1822
A BILL TO BE ENTITLED
AN ACT
relating to the withdrawal of security by a bail bond surety.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1704.210, Occupations Code, is amended
to read as follows:
Sec. 1704.210. WITHDRAWAL OF SECURITY. (a) A license
holder may withdraw the security or a portion of the security
deposited or executed under Section 1704.160, and the security
shall be returned to the license holder or the license holder's
heirs or assigns, if the person requesting the withdrawal is:
(1) a [the] license holder in good standing and the
amount of the security remaining after the withdrawal is:
(A) at least the minimum amount required by
Section 1704.160; and
(B) an amount sufficient to maintain the ratios
required by Section 1704.203 [ceases to engage in the bonding
business;
[(B) ceases to maintain the license; and
[(C) presents a release by the board]; or [and]
(2) a former license holder who has ceased to engage in
the bonding business, or a former license holder's heir or assign,
and the amount of the security remaining after the withdrawal is
sufficient to:
(A) pay any outstanding judgments; and
(B) secure any unexpired obligation on a bail
bond executed by the former [no judgment or bond liability, actual
or potential, is outstanding against the] license holder.
(b) The board may adopt rules to limit the number of times in
a year security may be returned to a license holder under this
section [Subsection (a) is equal to the amount of security
deposited or executed under Section 1704.160 minus the amount of
security:
[(1) depleted under Section 1704.204(b) to pay a
judgment; and
[(2) necessary to secure any unexpired obligation on a
bail bond executed by the license holder].
SECTION 2. This Act takes effect September 1, 2011.