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                                  * * * * *