78R11455 JD-F


By:  Allen                                                        H.B. No. 2892



A BILL TO BE ENTITLED

AN ACT

relating to the illegal use of money or property derived from or 
intended to further certain controlled substance offenses; 
providing penalties.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 481.126, Health and Safety Code, is 
amended to read as follows:
	Sec. 481.126.  OFFENSE:  ILLEGAL BARTER, EXPENDITURE, OR 
INVESTMENT.  (a)  A person commits an offense if the person:
		(1)  barters property or expends funds the person knows 
are derived from the commission of an offense under this chapter 
punishable by imprisonment in the institutional division of the 
Texas Department of Criminal Justice for life; [or]
		(2)  barters property or expends funds the person knows 
are derived from the commission of an offense under Section 
481.121(a) that is punishable under Section 481.121(b)(5);
		(3)  barters property or finances or invests funds the 
person knows or believes are intended to further the commission of 
an offense for which the punishment is described by Subdivision 
(1); or
		(4)  barters property or finances or invests funds the 
person knows or believes are intended to further the commission of 
an offense under Section 481.121(a) that is punishable under 
Section 481.121(b)(5).
	(b)  An offense under Subsection (a)(1) or (3) [this section] 
is a felony of the first degree.  An offense under Subsection (a)(2) 
or (4) is a felony of the second degree.
	SECTION 2.  This Act takes effect September 1, 2003.