1-1 By: Madden, Naishtat (Senate Sponsor - Shapiro) H.B. No. 3569 1-2 (In the Senate - Received from the House May 5, 1997; 1-3 May 6, 1997, read first time and referred to Committee on State 1-4 Affairs; May 18, 1997, reported favorably by the following vote: 1-5 Yeas 12, Nays 0; May 18, 1997, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to bank accounts in the name of candidates for public 1-9 office. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Title 16, Revised Statutes, is amended by adding 1-12 Article 360 to read as follows: 1-13 Art. 360. BANK ACCOUNTS FOR CANDIDATES FOR PUBLIC OFFICE 1-14 Sec. 1. DEFINITIONS. In this article: 1-15 (1) "Candidate" has the meaning assigned by Section 1-16 251.001, Election Code. 1-17 (2) "Financial institution" means a bank, savings and 1-18 loan association, savings bank, or credit union. 1-19 Sec. 2. CONSENT OF CANDIDATE REQUIRED. A financial 1-20 institution may not open an account in the name of a candidate 1-21 without obtaining that candidate's consent and signature. 1-22 Sec. 3. CANDIDATE NEED NOT BE SIGNATORY. Section 2 of this 1-23 article does not require that the candidate be a signatory to the 1-24 account. 1-25 SECTION 2. This Act takes effect September 1, 1997. 1-26 SECTION 3. The importance of this legislation and the 1-27 crowded condition of the calendars in both houses create an 1-28 emergency and an imperative public necessity that the 1-29 constitutional rule requiring bills to be read on three several 1-30 days in each house be suspended, and this rule is hereby suspended. 1-31 * * * * *