By:  Rosson                                            S.B. No. 745
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the nature and reporting of accounts under Title 15 of
    1-2  the Election Code.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 253.040 of the Election Code is amended
    1-5  to read as follows:
    1-6        Sec. 253.040.  Separate Officeholder Account Prohibited. A
    1-7  candidate or officeholder may not maintain officeholder
    1-8  contributions accepted by that person in an account separate from
    1-9  campaign contributions accepted by that person.  Political funds
   1-10  may be maintained in one or more accounts and may be expended for
   1-11  officeholder or campaign purposes regardless of whether the
   1-12  expenditures are reimbursable by public funds.  Nothing in this
   1-13  section shall be construed to allow the conversion of political
   1-14  funds to the personal use of a candidate or officeholder.
   1-15        SECTION 2.  This act is effective on September 1, 1993.
   1-16        SECTION 3.  The importance of this legislation and the
   1-17  crowded condition of the calendars in both houses create an
   1-18  emergency and an imperative public necessity that the
   1-19  constitutional rule requiring bills to be read on three several
   1-20  days in each house be suspended, and this rule is hereby suspended,
   1-21  and that this Act take effect and be in force from and after its
   1-22  passage, and it is so enacted.