By Harris S.B. No. 619
76R6346 DRH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to county expenses paid from the interest on certain court
1-3 registry funds.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 117.054(b), Local Government Code, is
1-6 amended to read as follows:
1-7 (b) The interest earned on a special account or a separate
1-8 account shall be paid in the following amounts:
1-9 (1) for interest earned on or after September 1, 1997:
1-10 (A) 10 percent of the interest shall be paid to
1-11 the general fund of the county to compensate the county for the
1-12 accounting and administrative expenses of maintaining the account;
1-13 and
1-14 (B) [(2)] 90 percent of the interest shall be
1-15 credited to the special or separate account; or
1-16 (2) for interest earned before September 1, 1997, 100
1-17 percent of the interest shall be credited to the special or
1-18 separate account.
1-19 SECTION 2. This Act applies only to a special or separate
1-20 account for which a county or district clerk acts as custodian that
1-21 is withdrawn on or after the effective date of this Act.
1-22 SECTION 3. The importance of this legislation and the
1-23 crowded condition of the calendars in both houses create an
1-24 emergency and an imperative public necessity that the
2-1 constitutional rule requiring bills to be read on three several
2-2 days in each house be suspended, and this rule is hereby suspended,
2-3 and that this Act take effect and be in force from and after its
2-4 passage, and it is so enacted.