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AN ACT
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relating to the extension and modification of a public school |
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district depository contract. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 45.205(b), Education Code, is amended to |
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read as follows: |
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(b) A school district and the district's depository bank may |
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agree to extend a depository contract for three [two] additional |
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two-year terms. The contract may be modified for each two-year |
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extension if both parties mutually agree to the terms. An extension |
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under this subsection is not subject to the requirements of Section |
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45.206. |
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SECTION 2. This Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 754 passed the Senate on |
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May 3, 2017, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 754 passed the House on |
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May 19, 2017, by the following vote: Yeas 143, Nays 0, one |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |