By: Perry S.B. No. 754
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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 [two] additional
  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.