| Old | New | Differences | |
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| 1 | - | By: Sparks, West S.B. No. 621 | |
| 2 | - | ||
| 3 | - | ||
| 1 | + | By: Sparks S.B. No. 621 | |
| 2 | + | (In the Senate - Filed December 13, 2024; February 3, 2025, | |
| 3 | + | read first time and referred to Committee on Local Government; | |
| 4 | + | March 17, 2025, reported favorably by the following vote: Yeas 5, | |
| 5 | + | Nays 1; March 17, 2025, sent to printer.) | |
| 6 | + | Click here to see the committee vote | |
| 4 | 7 | ||
| 5 | 8 | ||
| 6 | 9 | A BILL TO BE ENTITLED | |
| 7 | 10 | AN ACT | |
| 8 | 11 | relating to a prohibition on the establishment, operation, or | |
| 9 | 12 | ownership of a public bank by a political subdivision. | |
| 10 | 13 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 14 | SECTION 1. Chapter 140, Local Government Code, is amended | |
| 12 | 15 | by adding Section 140.014 to read as follows: | |
| 13 | 16 | Sec. 140.014. PROHIBITION ON PUBLIC BANK. Notwithstanding | |
| 14 | 17 | any other law, a political subdivision may not establish, operate, | |
| 15 | 18 | or own an organization or entity that is organized for the purpose | |
| 16 | 19 | of engaging in banking as defined by Section 31.002, Finance Code. | |
| 17 | 20 | SECTION 2. This Act takes effect September 1, 2025. | |
| 21 | + | * * * * * |