1-1 By: Moncrief S.B. No. 24
1-2 (In the Senate - Filed November 9, 1992; January 13, 1993,
1-3 read first time and referred to Committee on Intergovernmental
1-4 Relations; April 6, 1993, reported adversely, with favorable
1-5 Committee Substitute by the following vote: Yeas 6, Nays 0;
1-6 April 6, 1993, sent to printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Armbrister x
1-10 Leedom x
1-11 Carriker x
1-12 Henderson x
1-13 Madla x
1-14 Moncrief x
1-15 Patterson x
1-16 Rosson x
1-17 Shapiro x
1-18 Wentworth x
1-19 Whitmire x
1-20 COMMITTEE SUBSTITUTE FOR S.B. No. 24 By: Moncrief
1-21 A BILL TO BE ENTITLED
1-22 AN ACT
1-23 relating to the transfer and investment of certain funds by
1-24 electronic means.
1-25 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-26 SECTION 1. Section 5, Public Funds Investment Act of 1987
1-27 (Article 842a-2, Vernon's Texas Civil Statutes), is amended by
1-28 adding Subsection (c) to read as follows:
1-29 (c) The county tax assessor-collector may use electronic
1-30 means to transfer or invest ad valorem taxes collected on behalf of
1-31 the county, as well as pursuant to a contract with other taxing
1-32 units.
1-33 SECTION 2. The importance of this legislation and the
1-34 crowded condition of the calendars in both houses create an
1-35 emergency and an imperative public necessity that the
1-36 constitutional rule requiring bills to be read on three several
1-37 days in each house be suspended, and this rule is hereby suspended.
1-38 * * * * *
1-39 Austin,
1-40 Texas
1-41 April 6, 1993
1-42 Hon. Bob Bullock
1-43 President of the Senate
1-44 Sir:
1-45 We, your Committee on Intergovernmental Relations to which was
1-46 referred S.B. No. 24, have had the same under consideration, and I
1-47 am instructed to report it back to the Senate with the
1-48 recommendation that it do not pass, but that the Committee
1-49 Substitute adopted in lieu thereof do pass and be printed.
1-50 Armbrister,
1-51 Chairman
1-52 * * * * *
1-53 WITNESSES
1-54 FOR AGAINST ON
1-55 ___________________________________________________________________
1-56 FOR AGAINST ON
1-57 ___________________________________________________________________
1-58 Name: Kathy Hynson x
1-59 Representing: Myself
1-60 City: Ft. Bend Co. Treasurer
1-61 -------------------------------------------------------------------
1-62 Name: Pasco Parker x
1-63 Representing: Tex. Assos. Co. Auditors
1-64 City: McKinney
1-65 -------------------------------------------------------------------
1-66 Name: Katy Caldwell x
1-67 Representing: Harris Co. Treasurer
1-68 City: Houston
2-1 -------------------------------------------------------------------
2-2 Name: John Curlee x
2-3 Representing: Tarrant Co. Comm. Court
2-4 City: Austin
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2-6 Name: Donald P. Sharp x
2-7 Representing: Tarrant Co Tax A/C
2-8 City: Ft. Worth
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