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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of a facsimile signature on certain public |
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securities and related certificates. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 618.003, Government Code, is amended to |
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read as follows: |
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Sec. 618.003. AUTHORITY FOR FACSIMILE SIGNATURE. (a) An |
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[Except as provided by Section 618.004, an] authorized officer may |
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execute, authenticate, certify, or endorse or authorize to be |
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executed, authenticated, certified, or endorsed with the officer's |
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facsimile signature instead of the officer's manual signature: |
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(1) a public security, instrument of payment, or |
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certificate of assessment, if the use of the facsimile signature is |
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authorized by the board, body, or officer empowered to authorize |
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the issuance of the security, instrument, or certificate; or |
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(2) an eligible contract, if the use of the facsimile |
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signature is authorized by the governing body of the municipality. |
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(b) A facsimile signature of the comptroller, or of a deputy |
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designated in writing to act for the comptroller, may be placed on a |
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public security required to be registered by the comptroller or a |
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certificate on that security. |
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SECTION 2. Section 618.004, Government Code, is repealed. |
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SECTION 3. This Act takes effect September 1, 2023. |