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.