By Barrientos                                          S.B. No. 622
         77R2297 MI-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to authorizing a county to pay the costs of an
 1-3     owner-controlled insurance program with the proceeds of certain
 1-4     securities issued by the county.
 1-5           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1. Subtitle D, Title 9, Government Code, is amended
 1-7     by adding Chapter 1303 to read as follows:
 1-8              CHAPTER 1303.  OTHER USE OF COUNTY BOND PROCEEDS
 1-9           Sec. 1303.001.  USE OF BOND PROCEEDS FOR OWNER-CONTROLLED
1-10     INSURANCE PROGRAM. A county may use the proceeds of bonds or
1-11     certificates of obligation issued to pay for a county construction
1-12     project to pay for an owner-controlled insurance program under
1-13     which the county establishes and administers a consolidated
1-14     insurance program for the project if the county's order authorizing
1-15     the issuance of the bonds or other certificates of obligation
1-16     authorizes the establishment of the program.
1-17           SECTION 2. This Act takes effect September 1, 2001.