TO: | Honorable Glenn Lewis, Chair, House Committee on County Affairs |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB3312 by Capelo (Relating to substitution of securities by a depository for a county. ), Committee Report 1st House, Substituted |
The bill would authorize a county commissioners court to adopt a procedure for approving a substitute or replacement security and to designate a county employee or official, including the county judge, to approve the substitute or replacement security.
The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise it would take effect September 1, 2003.
Source Agencies: | |
LBB Staff: | JK, DLBa
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