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House Bill 2242 |
House Author: Leibowitz et al. |
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Effective: 6-19-09 |
Senate Sponsor: Seliger |
House Bill 2242 amends the Government Code to abolish the Texas cultural endowment fund on December 1, 2009. The bill requires the Texas Commission on the Arts, in consultation with interested stakeholders, to review donor restrictions on donations to the endowment fund to determine if the donations may be transferred to the Texas Commission on the Arts operating fund. The bill establishes that on December 1, 2009, any money in the endowment fund, including any interest or income earned before that date, is transferred to the operating fund or returned to the donor as determined by donor restrictions. Money transferred to the operating fund under the bill's provisions is prohibited from being used to reduce or eliminate appropriations to the commission for the fiscal biennium beginning September 1, 2009.