Bill Text: TX SB754 | 2017-2018 | 85th Legislature | Enrolled
Bill Title: Relating to the extension and modification of a public school district depository contract.
Sponsorship: Partisan Bill (Republican 2)
Status: (Passed) 2017-06-15 - Effective on 9/1/17 [SB754 Detail]
Download: Texas-2017-SB754-Enrolled.html
| S.B. No. 754 | ||
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| 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 [ |
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| two-year terms. The contract may be modified for each two-year | ||
| extension if both parties mutually agree to the terms. An extension | ||
| under this subsection is not subject to the requirements of Section | ||
| 45.206. | ||
| SECTION 2. This Act takes effect September 1, 2017. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 754 passed the Senate on | ||
| May 3, 2017, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 754 passed the House on | ||
| May 19, 2017, by the following vote: Yeas 143, Nays 0, one | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
