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1 | - | By: Perry S.B. No. 754 | |
2 | - | (King of Hemphill) | |
1 | + | S.B. No. 754 | |
3 | 2 | ||
4 | 3 | ||
5 | - | A BILL TO BE ENTITLED | |
6 | 4 | AN ACT | |
7 | 5 | relating to the extension and modification of a public school | |
8 | 6 | district depository contract. | |
9 | 7 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
10 | 8 | SECTION 1. Section 45.205(b), Education Code, is amended to | |
11 | 9 | read as follows: | |
12 | 10 | (b) A school district and the district's depository bank may | |
13 | 11 | agree to extend a depository contract for three [two] additional | |
14 | 12 | two-year terms. The contract may be modified for each two-year | |
15 | 13 | extension if both parties mutually agree to the terms. An extension | |
16 | 14 | under this subsection is not subject to the requirements of Section | |
17 | 15 | 45.206. | |
18 | 16 | 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 |