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By: Kitzman (Senate Sponsor - Kolkhorst) |
H.B. No. 2674 |
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(In the Senate - Received from the House April 24, 2023; |
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April 24, 2023, read first time and referred to Committee on |
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Finance; May 4, 2023, reported favorably by the following vote: |
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Yeas 15, Nays 0; May 4, 2023, sent to printer.) |
| Click here to see the committee vote |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the application submitted to the comptroller for |
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designation as a state depository. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 404.022(a), (c), and (d), Government |
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Code, are amended to read as follows: |
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(a) The comptroller, not later than the first business day |
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in May [June] of each odd-numbered year, shall notify [mail to each] |
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eligible institutions of [institution a letter stating] the |
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conditions with which applicants for designation as a state |
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depository must comply. The comptroller shall keep on file in the |
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comptroller's office and make available for inspection by any |
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person a list of institutions to which notification has [letters |
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have] been sent. |
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(c) An application shall be mailed or electronically |
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submitted to the comptroller at Austin and must be received before |
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noon on the first business day of August of the year in which the |
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notification [letter] is sent. An application received after that |
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time may be considered at the option of the comptroller. The |
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comptroller may charge a processing fee of $25 for each application |
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and shall deposit the fees to the credit of the general revenue |
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fund. The comptroller may specify the format required for |
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electronic submissions and may adopt rules to administer this |
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section. |
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(d) [On receipt of an application under this section, the |
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comptroller shall endorse on the application the date of its |
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receipt.] The comptroller shall prepare a list of the names of the |
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applicants and the amount for which each has applied. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |
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