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                                                                  H.B. No. 1241




AN ACT

relating to measures to protect the state from theft, lost lottery 
tickets, or other losses incurred by or in connection with lottery 
sales agents.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 466.156, Government Code, is amended to 
read as follows: 
	Sec. 466.156.  BOND; INSURANCE. (a) Each sales agent shall 
post a cash bond, surety bond, letter of credit, certificate of 
deposit, and/or other security approved by the executive director, 
including the contribution of cash to a pooled bond fund 
established by the executive director to protect the state from 
possible losses, including losses of a sales agent due to 
bankruptcy, theft, or loss of lottery tickets, supplies, or 
equipment.  The amount of the security shall be determined by the 
executive director and must reflect the possible losses to the 
state from the operation of the sales agent.  The total amount 
retained in a pooled bond fund established under this subsection 
may not exceed $5 million.  All losses to the state resulting from a 
sales agent's loss must be paid from the bond fund.  The executive 
director may not charge a sales agent for a loss reimbursed from the 
bond fund.
	(b)  The executive director may [also] require a sales agent 
to maintain insurance [if necessary] to protect the interests of 
the state if the sales agent has not complied with the requirements 
of Subsection (a).
	SECTION 2.  This Act takes effect September 1, 2003.                           




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 1241 was passed by the House on May 2, 
2003, by a non-record vote.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 1241 was passed by the Senate on May 
28, 2003, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor