79R2985 KEG-D
By: Deuell S.B. No. 468
A BILL TO BE ENTITLED
AN ACT
relating to the depository designated by the Hunt Memorial Hospital
District.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 12, Chapter 125, Acts of the 60th
Legislature, Regular Session, 1967, is amended to read as follows:
Sec. 12. The directors of the district shall by resolution
designate a bank within the county in which the district is located
as the district's depository [or treasurer] and all funds of the
district shall be secured in the manner now provided for the
security of county funds. The depository shall serve for a period
of five [two (2)] years until a successor has been named.
SECTION 2. The change in law made by this Act to Section 12,
Chapter 125, Acts of the 60th Legislature, Regular Session, 1967,
applies only to the designation of a depository by the Hunt Memorial
Hospital District on or after the effective date of this Act. A
designation of a depository before the effective date of this Act is
governed by the law in effect on the date the designation was made,
and that law is continued in effect for that purpose.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2005.