General and Special Laws of The State of Texas Passed By The Second Called Session of the Sixty-Eighth Legislature and the Regular Session of the Sixty-Ninth Legislature Page: 1,513
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69th LEGIS-REGULAR SESSION
may destroy the criminal history information records after the records are used for the purposes
authorized by this section.
"(g) A person commits an offense if the person releases or discloses any information received
under this section without the authorization prescribed by Subsection (f) of this section. An offense
under this subsection is a Class A misdemeanor.
"(h) The department shall adopt rules governing the custody and use of information obtained
under this section."
SECTION 2. The importance of this legislation and the crowded condition of the calendars
in both houses create an emergency and an imperative public necessity that the constitutional
rule requiring bills to be read on three several days in each house be suspended, and this rule is
hereby suspended.
Passed the Senate on March 4, 1985, by a viva-voce vote; Senate concurred in House
amendment on May 23, 1985, by a viva-voce vote; passed the House, with
amendment, on May 22, 1985, by a non-record vote.
Approved: June 11, 1985
Effective: August 26, 1985
CHAPTER 415
S.B. No. 69
An Act relating to the amount of collateral required to qualify as a state depository; amending Article
2529, Revised Statutes, as amended.
Be it enacted by the Legislature of the State of Texas:
SECTION 1. Article 2529, Revised Statutes, as amended, is amended to read as follows:
"Article 2529. As soon as practicable after the Board shall have passed upon said
applications, the Treasurer shall notify all banks whose applications have been accepted, of their
designation as State Depositories of state funds. The Treasurer shall require each bank so
designated to qualify as a State Depository on or before the 25th day of November next, by (a)
depositing a depository bond signed by some surety company authorized to do business in Texas,
in an amount equal to not less than double the amount of state funds allotted, such bond to be
payable to the Treasurer and to be in such form as may be prescribed by the Board and subject to
the approval of such Board; or (b) by pledging with the Treasurer any securities of the following
kinds: bonds and certificates and other evidences of indebtedness of the United States, and all
other bonds which are guaranteed as to both principal and interest by the United States; bonds of
this state; bonds and other obligations issued by The University of Texas; warrants drawn on the
State Treasury against the General Revenue of the state; bonds issued by the Federal Farm
Mortgage Corporation, provided both principal and interest of said bonds are guaranteed by the
United States government; shares or share accounts of any building and loan association
organized under the laws of this state, provided the payment of such shares or share accounts is
insured by the Federal Savings and Loan Insurance Corporation, and in the shares or share
accounts of any Federal Savings and Loan Association domiciled in this state, provided the
payment of such shares or share accounts is insured by the Federal Savings and Loan Insurance
Corporation; Home Owners Loan Corporation Bonds, provided both principal and interest of
said bonds are guaranteed by the United States government, and such securities shall be accepted
by the Board in an amount not less than five per cent (5%) greater than the amount of state
funds which they secure; provided, that Texas Relief Bonds may be accepted at face value and
without margin for the amount of state funds allotted, provided such State Relief Bonds have all
unmatured coupons attached; bonds of counties located in Texas; road districts of counties in
Texas; independent and common school districts located in Texas; bonds of any hospital district
created under the laws of this state; tax bonds issued by municipal corporations in Texas; and
bonds issued by a municipal corporation where the payment of such bonds is secured by a pledge
of the net revenues of a utility system or systems (limited to those utility systems now authorized
to be encumbered under the provisions of Articles 1111-1118a, Revised Civil Statutes, as
amended, inclusive). All of such securities may be accepted by the Board, provided the
aggregate amount thereof is not less than [twenty per eet (SO.%) gt'eater then] the total
amount of state funds that they secure; provided that the amount of all bonds and other
obligations offered as collateral shall be determined by the Board on the basis of either their par1513
CH 415, SEC 1
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Texas. Legislature. General and Special Laws of The State of Texas Passed By The Second Called Session of the Sixty-Eighth Legislature and the Regular Session of the Sixty-Ninth Legislature, legislative document, 1985; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth221803/m1/1517/: accessed April 23, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.