79R8613 BDH-D

By:  Branch                                                       H.B. No. 2682



A BILL TO BE ENTITLED

AN ACT

relating to reducing the required collateral amounts for securing 
school district deposits.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 2257.022(b), Government Code, is amended 
to read as follows:
	(b)  The total value of eligible security described by 
Section 45.201(4)(D), Education Code, to secure a deposit of public 
funds of a school district must be in an amount not less than 102
[110] percent of the amount of the deposit as determined under 
Subsection (a).  The total market value of the eligible security 
must be reported at least once each month to the school district.
	SECTION 2.  This Act takes effect September 1, 2005.