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Amend CSHB 1929 (committee printing) on page 2, line 23
following "provision of electronic paycard services." by inserting
the following:
A contract under this section must be by competitive bid. The
comptroller shall develop rules that specify the qualifications for
bidders, including the requirements that the entity that issues the
paycard must:
(1) be federally insured or possess sufficient
financial resources to ensure protection of payees; and
(2) demonstrate adequate 24-hour customer service to
ensure that all payees are able to reasonably access their funds
worldwide at any time.