Texas 2017 - 85th Regular

Texas Senate Bill SB754 Compare Versions

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1-By: Perry S.B. No. 754
2- (King of Hemphill)
1+S.B. No. 754
32
43
5- A BILL TO BE ENTITLED
64 AN ACT
75 relating to the extension and modification of a public school
86 district depository contract.
97 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
108 SECTION 1. Section 45.205(b), Education Code, is amended to
119 read as follows:
1210 (b) A school district and the district's depository bank may
1311 agree to extend a depository contract for three [two] additional
1412 two-year terms. The contract may be modified for each two-year
1513 extension if both parties mutually agree to the terms. An extension
1614 under this subsection is not subject to the requirements of Section
1715 45.206.
1816 SECTION 2. This Act takes effect September 1, 2017.
17+ ______________________________ ______________________________
18+ President of the Senate Speaker of the House
19+ I hereby certify that S.B. No. 754 passed the Senate on
20+ May 3, 2017, by the following vote: Yeas 31, Nays 0.
21+ ______________________________
22+ Secretary of the Senate
23+ I hereby certify that S.B. No. 754 passed the House on
24+ May 19, 2017, by the following vote: Yeas 143, Nays 0, one
25+ present not voting.
26+ ______________________________
27+ Chief Clerk of the House
28+ Approved:
29+ ______________________________
30+ Date
31+ ______________________________
32+ Governor