By:  Homer (Senate Sponsor - Janek)                               H.B. No. 1241
	(In the Senate - Received from the House May 5, 2003; 
May 7, 2003, read first time and referred to Committee on 
Government Organization; May 23, 2003, reported favorably by the 
following vote:  Yeas 5, Nays 0; May 23, 2003, sent to printer.)

A BILL TO BE ENTITLED
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.
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