1-1     By:  Dukes (Senate Sponsor - Barrientos)              H.B. No. 3055
 1-2           (In the Senate - Received from the House April 23, 2001;
 1-3     April 24, 2001, read first time and referred to Committee on
 1-4     Intergovernmental Relations; May 10, 2001, reported favorably by
 1-5     the following vote:  Yeas 5, Nays 0; May 10, 2001, sent to
 1-6     printer.)
 1-7                            A BILL TO BE ENTITLED
 1-8                                   AN ACT
 1-9     relating to authorizing a county to pay the costs of an
1-10     owner-controlled insurance program with the proceeds of certain
1-11     securities issued by the county.
1-12           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13           SECTION 1. Subtitle D, Title 9, Government Code, is amended
1-14     by adding Chapter 1303 to read as follows:
1-15              CHAPTER 1303.  OTHER USE OF COUNTY BOND PROCEEDS
1-16           Sec. 1303.001.  USE OF BOND PROCEEDS FOR OWNER-CONTROLLED
1-17     INSURANCE PROGRAM. A county may use the proceeds of bonds or
1-18     certificates of obligation issued to pay for a county construction
1-19     project to pay for an owner-controlled insurance program under
1-20     which the county establishes and administers a consolidated
1-21     insurance program for the project if the county's order authorizing
1-22     the issuance of the bonds or other certificates of obligation
1-23     authorizes the establishment of the program.
1-24           SECTION 2. This Act takes effect September 1, 2001.
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