By Thompson H.B. No. 1853 76R5736 DRH-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the fee charged by a county for holding and investing 1-3 noncounty funds. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter Z, Chapter 130, Local Government Code, 1-6 is amended by adding Section 130.910 to read as follows: 1-7 Sec. 130.910. COUNTY EXPENSES PAID FROM INTEREST. (a) 1-8 Unless otherwise provided by a contract between the county officer 1-9 and the owner of the funds, a county officer who holds funds that 1-10 are not county funds for more than 30 days shall, on disbursing the 1-11 funds to the owner, withhold an amount equal to 10 percent of any 1-12 interest earned on the funds while held by the county officer to 1-13 compensate the county for the accounting and administrative 1-14 expenses of maintaining the funds. Money withheld under this 1-15 subsection shall be deposited in the county general fund. 1-16 (b) To the extent of any conflict between this section and 1-17 another provision of law that requires or prohibits the charging of 1-18 a fee by a county officer for the holding of funds that are not 1-19 county funds, the other provision controls. 1-20 SECTION 2. This Act takes effect September 1, 1999, and 1-21 applies to all noncounty funds held by a county officer on or after 1-22 that date. 1-23 SECTION 3. The importance of this legislation and the 1-24 crowded condition of the calendars in both houses create an 2-1 emergency and an imperative public necessity that the 2-2 constitutional rule requiring bills to be read on three several 2-3 days in each house be suspended, and this rule is hereby suspended.