By: Allen (Senate Sponsor - Whitmire) H.B. No. 2892
(In the Senate - Received from the House April 28, 2003;
May 1, 2003, read first time and referred to Committee on Criminal
Justice; May 21, 2003, reported favorably by the following vote:
Yeas 6, Nays 0; May 21, 2003, sent to printer.)
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.
* * * * *