1-1 AN ACT 1-2 relating to bank accounts in the name of candidates for public 1-3 office. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Title 16, Revised Statutes, is amended by adding 1-6 Article 360 to read as follows: 1-7 Art. 360. BANK ACCOUNTS FOR CANDIDATES FOR PUBLIC OFFICE 1-8 Sec. 1. DEFINITIONS. In this article: 1-9 (1) "Candidate" has the meaning assigned by Section 1-10 251.001, Election Code. 1-11 (2) "Financial institution" means a bank, savings and 1-12 loan association, savings bank, or credit union. 1-13 Sec. 2. CONSENT OF CANDIDATE REQUIRED. A financial 1-14 institution may not open an account in the name of a candidate 1-15 without obtaining that candidate's consent and signature. 1-16 Sec. 3. CANDIDATE NEED NOT BE SIGNATORY. Section 2 of this 1-17 article does not require that the candidate be a signatory to the 1-18 account. 1-19 SECTION 2. This Act takes effect September 1, 1997. 1-20 SECTION 3. The importance of this legislation and the 1-21 crowded condition of the calendars in both houses create an 1-22 emergency and an imperative public necessity that the 1-23 constitutional rule requiring bills to be read on three several 1-24 days in each house be suspended, and this rule is hereby suspended. _______________________________ _______________________________ President of the Senate Speaker of the House I certify that H.B. No. 3569 was passed by the House on May 2, 1997, by a non-record vote. _______________________________ Chief Clerk of the House I certify that H.B. No. 3569 was passed by the Senate on May 26, 1997, by the following vote: Yeas 31, Nays 0. _______________________________ Secretary of the Senate APPROVED: _____________________ Date _____________________ Governor