By:  Moncrief                                           S.B. No. 24
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the investment of county funds.
    1-2        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-3        SECTION 1.  Section 5, Public Funds Investment Act of 1987
    1-4  (Article 842a-2, Vernon's Texas Civil Statutes), is amended by
    1-5  adding Subsection (c) to read as follows:
    1-6        (c)  The commissioners court of a county may provide in its
    1-7  written policies that designated county officials authorized to
    1-8  collect or invest county funds may use electronic means to transfer
    1-9  funds.
   1-10        SECTION 2.  The importance of this legislation and the
   1-11  crowded condition of the calendars in both houses create an
   1-12  emergency and an imperative public necessity that the
   1-13  constitutional rule requiring bills to be read on three several
   1-14  days in each house be suspended, and this rule is hereby suspended.