BILL ANALYSIS H.B. 878 By: King, Ken Public Education Committee Report (Unamended) BACKGROUND AND PURPOSE Interested parties note that while an independent school district is able to extend a two-year contract with its depository bank two times, no changes to the contract may be made without beginning the process of executing a new contract. H.B. 878 seeks to allow districts to extend depository contracts for an additional two-year term and to allow the contracts to be modified. CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS H.B. 878 amends the Education Code to increase from two to three the number of additional two-year terms for which an independent school district and the district's depository bank may extend a depository contract and to authorize a school district and the district's depository bank to modify a depository contract for any extension. EFFECTIVE DATE September 1, 2017.
BILL ANALYSIS
# BILL ANALYSIS
H.B. 878
By: King, Ken
Public Education
Committee Report (Unamended)
H.B. 878
By: King, Ken
Public Education
Committee Report (Unamended)
BACKGROUND AND PURPOSE Interested parties note that while an independent school district is able to extend a two-year contract with its depository bank two times, no changes to the contract may be made without beginning the process of executing a new contract. H.B. 878 seeks to allow districts to extend depository contracts for an additional two-year term and to allow the contracts to be modified.
CRIMINAL JUSTICE IMPACT It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS H.B. 878 amends the Education Code to increase from two to three the number of additional two-year terms for which an independent school district and the district's depository bank may extend a depository contract and to authorize a school district and the district's depository bank to modify a depository contract for any extension.
EFFECTIVE DATE September 1, 2017.
BACKGROUND AND PURPOSE
Interested parties note that while an independent school district is able to extend a two-year contract with its depository bank two times, no changes to the contract may be made without beginning the process of executing a new contract. H.B. 878 seeks to allow districts to extend depository contracts for an additional two-year term and to allow the contracts to be modified.
CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
ANALYSIS
H.B. 878 amends the Education Code to increase from two to three the number of additional two-year terms for which an independent school district and the district's depository bank may extend a depository contract and to authorize a school district and the district's depository bank to modify a depository contract for any extension.
EFFECTIVE DATE
September 1, 2017.