By: King of Hemphill, Fallon H.B. No. 878         (Senate Sponsor - Perry)          (In the Senate - Received from the House April 18, 2017;   May 1, 2017, read first time and referred to Committee on   Education; May 16, 2017, reported adversely, with favorable   Committee Substitute by the following vote:  Yeas 11, Nays 0;   May 16, 2017, sent to printer.)Click here to see the committee vote     COMMITTEE SUBSTITUTE FOR H.B. No. 878 By:  Hughes     A BILL TO BE ENTITLED   AN ACT     relating to the extension and modification of a public school   district depository contract.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 45.205(b), Education Code, is amended to   read as follows:          (b)  A school district and the district's depository bank may   agree to extend a depository contract for three [two] additional   two-year terms. The contract may be modified for each two-year   extension if both parties mutually agree to the terms. An extension   under this subsection is not subject to the requirements of Section   45.206.          SECTION 2.  This Act takes effect September 1, 2017.     * * * * *