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A BILL TO BE ENTITLED
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AN ACT
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relating to a groundwater conservation district's use of electronic |
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fund transfers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 36.151(b) and (c), Water Code, are |
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amended to read as follows: |
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(b) Disbursements, other than federal reserve wire |
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transfers or electronic fund transfers, shall be signed by at least |
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two directors, except the board may by resolution allow certain |
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employees of the district, or a combination of employees and |
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directors, to sign disbursements on behalf of the board. The board |
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may authorize payroll disbursements by electronic direct deposit. |
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(c) The board may by resolution allow disbursements to be |
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transferred by federal reserve wire system, or by electronic means, |
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to accounts in the name of the district or accounts not in the name |
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of the district. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2017. |