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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