85R2932 MM-F
By: King of Hemphill, Fallon H.B. No. 878
A BILL TO BE ENTITLED
AN ACT
relating to the extension and modification of a public school
district depository contract.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 45.205(b), Education Code, is amended to
read as follows:
(b) A school district and the district's depository bank may
agree to extend a depository contract for three [two] additional
two-year terms and to modify the contract for any extension. An
extension under this subsection is not subject to the requirements
of Section 45.206.
SECTION 2. This Act takes effect September 1, 2017.