Enrolled Bill Summary

Senate Bill 1648	Senate Author:  Parker et al.
Effective:  See below	House Sponsor:  Walle et al.

            Senate Bill 1648 amends the Parks and Wildlife Code to create the centennial parks conservation fund as a trust fund held outside the treasury by the Texas Treasury Safekeeping Trust Company and administered by the Parks and Wildlife Department for the purpose of the creation and improvement of state parks. The bill provides for the administration and management of the fund, requests for distributions from the fund, the required approval of real property acquisitions by the fund, prohibited expenditures by the fund, expenditure audits by the state auditor, and requirements, as prescribed under state law, for a strategic plan of operation. The bill takes effect January 1, 2024, contingent on voter approval of the constitutional amendment proposed by Senate Joint Resolution 74.