By: Perry S.B. No. 865
(Burns)
A BILL TO BE ENTITLED
AN ACT
relating to a groundwater conservation district's use of electronic
fund transfers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 36.151(b) and (c), Water Code, are
amended to read as follows:
(b) Disbursements, other than federal reserve wire
transfers or electronic fund transfers, shall be signed by at least
two directors, except the board may by resolution allow certain
employees of the district, or a combination of employees and
directors, to sign disbursements on behalf of the board. The board
may authorize payroll disbursements by electronic direct deposit.
(c) The board may by resolution allow disbursements to be
transferred by federal reserve wire system, or by electronic means,
to accounts in the name of the district or accounts not in the name
of the district.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2017.