73R6289 SMH-D
          By Zbranek                                             H.B. No. 754
          Substitute the following for H.B. No. 754:
          By Raymond                                         C.S.H.B. No. 754
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the reservation of minerals by the state in sales of
    1-3  land dedicated to the permanent school fund.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 51.054, Natural Resources Code, is
    1-6  amended by amending Subsection (a) and adding Subsection (f) to
    1-7  read as follows:
    1-8        (a)  Land dedicated to the permanent school fund shall be
    1-9  sold subject to a reservation <set by the School Land Board> of
   1-10  <not less than one-eighth of all sulphur and other mineral
   1-11  substances from which sulphur may be derived or produced and not
   1-12  less than one-sixteenth of> all <other> minerals to the state;
   1-13  provided, that if leasing rights are retained hereunder, the
   1-14  reserved minerals shall be subject to lease as provided by
   1-15  Subchapter B, Chapter 52, Natural Resources Code, and Subchapters B
   1-16  and E, Chapter 53, Natural Resources Code.  <The mineral
   1-17  reservation to the state shall be determined by the board before
   1-18  the land is offered for sale.>
   1-19        (f)  This section does not apply to a trade made under
   1-20  Chapter 11, Acts of the 68th Legislature, Regular Session, 1983, of
   1-21  a fee interest or lesser interest in public free school fund land
   1-22  for a fee interest or lesser interest in land that is not dedicated
   1-23  to the public free school fund.
   1-24        SECTION 2.  This Act takes effect September 1, 1993, and
    2-1  applies only to land sold by the state on or after that date.  The
    2-2  sale of state land before that date is governed by the law in
    2-3  effect when the land was sold, and that law is continued in effect
    2-4  for that purpose.
    2-5        SECTION 3.  The importance of this legislation and the
    2-6  crowded condition of the calendars in both houses create an
    2-7  emergency and an imperative public necessity that the
    2-8  constitutional rule requiring bills to be read on three several
    2-9  days in each house be suspended, and this rule is hereby suspended.