1-1  By:  Brown                                             S.B. No. 453
    1-2        (In the Senate - Filed February 3, 1995; February 6, 1995,
    1-3  read first time and referred to Committee on Criminal Justice;
    1-4  April 28, 1995, reported favorably by the following vote:  Yeas 5,
    1-5  Nays 0; April 28, 1995, sent to printer.)
    1-6                         A BILL TO BE ENTITLED
    1-7                                AN ACT
    1-8  relating to the use as collateral of certificates of deposit by an
    1-9  applicant for a license as a bail bondsman.
   1-10        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
   1-11        SECTION 1.  Section 6, Chapter 550, Acts of the 63rd
   1-12  Legislature, Regular Session, 1973 (Article 2372p-3, Vernon's Texas
   1-13  Civil Statutes), is amended by adding Subsection (i) to read as
   1-14  follows:
   1-15        (i)  If an applicant for a bondsman's license deposits a
   1-16  certificate of deposit with the county treasurer under Subsection
   1-17  (f)(1) of this section, the applicant and the financial institution
   1-18  that issues the certificate of deposit must assign the certificate
   1-19  of deposit to the county treasurer of the county in which the
   1-20  bondsman's license is to be issued.
   1-21        SECTION 2.  This Act takes effect September 1, 1995, and
   1-22  applies only to security required to be posted under Chapter 550,
   1-23  Acts of the 63rd Legislature, Regular Session, 1973 (Article
   1-24  2372p-3, Vernon's Texas Civil Statutes), on or after that date.
   1-25        SECTION 3.  The importance of this legislation and the
   1-26  crowded condition of the calendars in both houses create an
   1-27  emergency and an imperative public necessity that the
   1-28  constitutional rule requiring bills to be read on three several
   1-29  days in each house be suspended, and this rule is hereby suspended.
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