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.