By Burnam                                             H.B. No. 2380
         76R5219 JD-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the authority of the assessor-collector of certain
 1-3     counties to deposit tax revenues with the Texas Treasury
 1-4     Safekeeping Trust Company.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Chapter 31, Tax Code, is amended by adding
 1-7     Section 31.105 to read as follows:
 1-8           Sec. 31.105.  DEPOSIT OF TAXES COLLECTED IN CERTAIN COUNTIES
 1-9     WITH TEXAS TREASURY SAFEKEEPING TRUST COMPANY.  (a)  This section
1-10     applies only to a county with a population of one million or more.
1-11           (b)  With the consent of the commissioners court of the
1-12     county, and notwithstanding Sections 113.021(a) and (b) and
1-13     116.113(b), Local Government Code,  Section 31.10(c) of this code,
1-14     or any other law to the contrary, the county assessor-collector may
1-15     deposit on behalf of the county all or a designated part of the
1-16     taxes collected for the county with the Texas Treasury Safekeeping
1-17     Trust Company under Subchapter G, Chapter 404, Government Code.
1-18     County tax revenues deposited with the Texas Treasury Safekeeping
1-19     Trust Company under this section are county funds subject to the
1-20     control of the commissioners court.
1-21           (c)  Section 113.006, Local Government Code, applies to the
1-22     deposit of tax revenue under this section in the same manner as
1-23     that section applies to the deposit of tax revenue in the county
1-24     depository.
 2-1           SECTION 2.  The importance of this legislation and the
 2-2     crowded condition of the calendars in both houses create an
 2-3     emergency and an imperative public necessity that the
 2-4     constitutional rule requiring bills to be read on three several
 2-5     days in each house be suspended, and this rule is hereby suspended,
 2-6     and that this Act take effect and be in force from and after its
 2-7     passage, and it is so enacted.