Enrolled Bill Summary

            House Bill 2948 provides that a fund or account created or re-created in the state treasury by an act of the 75th Legislature, or a dedication or rededication accomplished by an act of the 75th Legislature, is abolished on the later of August 30, 1997, or the effective date of such act. However, it exempts from this abolishment certain funds, accounts, dedications, and rededications in certain newly enacted legislation and proposed constitutional amendments. House Bill 2948 rededicates certain fee revenue under The Real Estate License Act for the support and maintenance of the Texas Real Estate Research Center. It amends the Government Code to transfer interest from the Texas capitol trust fund to the credit of the housing trust fund rather than the general revenue fund. Another code amendment makes temporarily available, for general governmental purposes, dedicated revenues that exceed appropriated amounts on the final day of FY1999. House Bill 2948 prevails over any contrary legislation of the 75th Legislature.