78R8160 T

By:  Allen                                                        H.B. No. 2892



A BILL TO BE ENTITLED

AN ACT

relating to a person knowingly bartering or expending funds derived 
from the commission of an offense, providing penalties.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 481.126, Health and Safety Code is 
amended as follows:   
	481.126.  Offense:  Illegal Expenditure or Investment                          
	(a)  A person commits an offense if the person:                                
		(1)  expends funds or barters property 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)  expends funds or barters property the person knows 
are derived from the commission of an offense under 481.121(b)(5);
		(3)  finances, [or] invests funds or barters property 
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)  finances, invests funds or barters property the 
person knows or believes are intended to further the commission of 
an offense for which the punishment is described by Subdivision 
(2).
	(b)  An offense under Subsection (a)(1) or (3) [this section] 
is a felony of the first degree.
	(c)  An offense under Subsection (a)(2) or (4) is a felony of 
the second degree.
	SECTION 2.  This Act takes effect September 1, 2003.