SRC-JJJ S.B. 112 76(R)   BILL ANALYSIS


Senate Research Center   S.B. 112
76R151 MCK-DBy: Brown
Jurisprudence
2/8/1999
As Filed


DIGEST 

Currently, Texas law does not allow a plaintiff who is a minor or
incapacitated person represented by a next friend to invest money recovered
by the plaintiff in the Texas tomorrow fund.  This bill would allow the
next friend to invest money recovered by a plaintiff in the Texas tomorrow
fund.  
PURPOSE

As proposed, S.B. 112 establishes provisions regarding investing in the
Texas tomorrow fund.  

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 142.004(a), Property Code, to authorize any
money recovered by a plaintiff, when the plaintiff is a minor or
incapacitated person who has no legal guardian and is represented by a next
friend, to be invested by the next friend in the Texas tomorrow fund
established by Chapter 54F, Education Code.  Makes conforming changes. 

SECTION 2.  Emergency clause.
            Effective date: upon passage.