By Hill H.B. No. 1458
76R366
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to interest earned by the state on child support payments.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subchapter A, Chapter 154, Family Code, is
1-5 amended by adding Section 154.0035, to read as follows:
1-6 Sec. 54.0035. INTEREST ON SUPPORT PAYMENTS. The Title IV-D
1-7 agency shall forward to an obligee any interest earned by the Title
1-8 IV-D agency on a child support payment made to the agency for the
1-9 obligee.
1-10 SECTION 2. This Act takes effect September 1, 1999, and
1-11 applies to any child support payment received by the Title IV-D
1-12 agency on or after that date. A child support payment received by
1-13 the Title IV-D agency before the effective date of this Act is
1-14 governed by the law in effect at the time the payment was received,
1-15 and the former law is continued in effect for that purpose.
1-16 SECTION 3. The importance of this legislation and the
1-17 crowded condition of the calendars in both houses create an
1-18 emergency and an imperative public necessity that the
1-19 constitutional rule requiring bills to be read on three several
1-20 days in each house be suspended, and this rule is hereby suspended.