78R458 DAK-D

By:  Hartnett                                                     H.B. No. 1666



A BILL TO BE ENTITLED

AN ACT

relating to the courts that may approve a transfer of payment rights 
under certain structured settlements.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 141.002(2), Civil Practice and Remedies 
Code, is amended to read as follows:   
		(2)  "Court" means:                                                           
			(A)  the court of original jurisdiction that 
authorized or approved a structured settlement;  or
			(B)  if the court that authorized or approved the 
structured settlement no longer has jurisdiction to approve a 
transfer of payment rights under the structured settlement under 
this chapter, a statutory county court, a statutory probate court,
or a district court located in the county in which the payee 
resides.
	SECTION 2.  This Act takes effect September 1, 2003, and 
applies only to a transfer of structured settlement payment rights 
under a transfer agreement entered into on or after that date.