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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 78(R)

SENATE BILL 902  

SENATE AUTHOR: Staples

EFFECTIVE: 06-20-03         

HOUSE SPONSOR: Hopson

Senate Bill 902 amends the Tax Code to require the depository for an appraisal district to serve for a term of two years and until its successor has been designated and has qualified. The bill authorizes the district's board of directors and the depository to agree to extend the depository's contract for one additional two-year period.