BILL ANALYSIS |
H.B. 878 |
By: King, Ken |
Public Education |
Committee Report (Unamended) |
BACKGROUND AND PURPOSE
Interested parties note that while an independent school district is able to extend a two-year contract with its depository bank two times, no changes to the contract may be made without beginning the process of executing a new contract. H.B. 878 seeks to allow districts to extend depository contracts for an additional two-year term and to allow the contracts to be modified.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
H.B. 878 amends the Education Code to increase from two to three the number of additional two-year terms for which an independent school district and the district's depository bank may extend a depository contract and to authorize a school district and the district's depository bank to modify a depository contract for any extension.
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EFFECTIVE DATE
September 1, 2017.
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