By: Hartnett (Senate Sponsor - Wentworth) H.B. No. 1666
(In the Senate - Received from the House April 7, 2003;
April 9, 2003, read first time and referred to Committee on
Jurisprudence; May 14, 2003, reported favorably by the following
vote: Yeas 6, Nays 0; May 14, 2003, sent to printer.)
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.
* * * * *