80R10327 T

By: Zedler H.B. No. 2560

A BILL TO BE ENTITLED

AN ACT

relating to the posting of school district check registers

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter A, Chapter 44, Education Code, is amended by adding Section 44.0031 to read as follows:

Sec. 44.0031. ELECTRONIC CHECKING ACCOUNT TRANSACTION REGISTER. (a) A school district shall maintain the transaction register for the district's checking account in an electronic spreadsheet format in which the transaction register is readily available for purposes of Subsections (b) and (c). The electronic checking account transaction register must include for each check written from a district checking account:

(1) the transaction amount;

(2) the check number;

(3) the name of the person to whom the check was written;

(4) the purpose of the expenditure for which the check was written; and

(5) the function code assigned to the expenditure for the purpose of meeting state reporting requirements.

(b) A school district shall prominently post the electronic checking account transaction register at all times on the district's website for downloading by interested parties.

(c) A school district shall transfer data from the electronic checking account transaction register to any interested person who requests the data orally or in writing.

(d) A school district shall update the electronic checking account transaction register at least once each month.

SECTION 2. Section 44.0031, Education Code, as added by this Act, applies only to a school district checking transaction that occurs on or after the effective date of this Act. A school district checking transaction that occurs before the effective date of this Act is governed by the law in effect when the transaction occurred, and the former law is continued in effect for that purpose.

SECTION 3. This Act takes effect September 1, 2007.