85R2932 MM-F     By: King of Hemphill, Fallon H.B. No. 878       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 and to modify the contract for any extension. An   extension under this subsection is not subject to the requirements   of Section 45.206.          SECTION 2.  This Act takes effect September 1, 2017.