Enrolled Bill Summary

House Bill 3781	House Author:  Phelan
Effective:  9-1-17	Senate Sponsor:  Hinojosa

            House Bill 3781 amends the Parks and Wildlife Code to replace the general prohibition against making expenditures from the principal of the lifetime license endowment account with a prohibition against making an expenditure from such principal that would lower the unencumbered balance of the principal below $20 million. The bill prohibits the interest earnings on and principal in the account from being used to pay Parks and Wildlife Department salaries or employee benefits. The bill restricts the use of the principal in the account to the making of capital expenditures related to fisheries and wildlife resources and includes the making of such expenditures as an authorized use of interest earned on the account.