By Brown                                               S.B. No. 453
       74R4741 PB-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the use as collateral of certificates of deposit by an
    1-3  applicant for a license as a bail bondsman.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 6, Chapter 550, Acts of the 63rd
    1-6  Legislature, Regular Session, 1973 (Article 2372p-3, Vernon's Texas
    1-7  Civil Statutes), is amended by adding Subsection (i) to read as
    1-8  follows:
    1-9        (i)  If an applicant for a bondsman's license deposits a
   1-10  certificate of deposit with the county treasurer under Subsection
   1-11  (f)(1) of this section, the applicant and the financial institution
   1-12  that issues the certificate of deposit must assign the certificate
   1-13  of deposit to the county treasurer of the county in which the
   1-14  bondsman's license is to be issued.
   1-15        SECTION 2.  This Act takes effect September 1, 1995, and
   1-16  applies only to security required to be posted under Chapter 550,
   1-17  Acts of the 63rd Legislature, Regular Session, 1973 (Article
   1-18  2372p-3, Vernon's Texas Civil Statutes), on or after that date.
   1-19        SECTION 3.  The importance of this legislation and the
   1-20  crowded condition of the calendars in both houses create an
   1-21  emergency and an imperative public necessity that the
   1-22  constitutional rule requiring bills to be read on three several
   1-23  days in each house be suspended, and this rule is hereby suspended.