HOUSE BILL 16 |
HOUSE AUTHOR: Chisum |
EFFECTIVE: 05-21-97 |
SENATE SPONSOR: Bivins |
House Bill 16 amends the Government Code to authorize the comptroller of public accounts to enter into an agreement with a credit card issuer for a credit card in behalf of state parks. Under such an agreement, the issuer may represent to the public that the card benefits state parks, and in return the issuer must pay to the comptroller an amount based on its use by card holders. The design of the credit card, and the manner in which the benefit is represented, requires the comptroller's approval. Resulting proceeds to the state are credited to the state parks fund.