SRC-JLB S.B. 902 78(R)   BILL ANALYSIS


Senate Research Center   S.B. 902
78R7699 SMH-DBy: Staples
Intergovernmental Relations
4/5/2003
As Filed


DIGEST AND PURPOSE 

Currently, counties, school districts, and municipalities are allowed to
enter into contracts with their respective depositories for a term of one
to five years or to extend a two-year term for one additional two-year
term.  Representatives of the appraisal districts would like to have that
same opportunity.  As proposed, S.B. 902  allows the appraisal district
and the district's depository bank to extend a two-year depository
contract for an additional two-year period. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Section 6.09(c), Tax Code, to require an appraisal
district board (board) to solicit bids to be designated as depository for
the district.  Requires the depository when designated to serve for a term
of two years and until its successor is designated and has qualified.
Authorizes the board and the depository to agree to extend a depository
contract for one additional two-year period. 
 
SECTION 2.  Effective date:  upon passage or September 1, 2003.