By: Alexander H.B. No. 778
73R4009 RJA-F
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the disposition of interest received from investments
1-3 of money in the funds and accounts in the charge of the state
1-4 treasurer.
1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Section 404.071(a), Government Code, is amended
1-7 to read as follows:
1-8 (a) Interest received from investments of money in funds and
1-9 accounts in the charge of the treasurer shall be allocated on a
1-10 monthly basis as follows:
1-11 (1) the pro rata portion of the interest received due
1-12 to each constitutional fund shall be credited to that fund; <and>
1-13 (2) the pro rata portion of the interest received due
1-14 to the game, fish, and water safety fund shall be credited to that
1-15 fund; and
1-16 (3) <(2)> the remainder of the interest received,
1-17 except the portion required by other statutes to be credited on a
1-18 pro rata basis to protested payments, shall be credited to the
1-19 general revenue fund.
1-20 SECTION 2. The importance of this legislation and the
1-21 crowded condition of the calendars in both houses create an
1-22 emergency and an imperative public necessity that the
1-23 constitutional rule requiring bills to be read on three several
1-24 days in each house be suspended, and this rule is hereby suspended,
2-1 and that this Act take effect and be in force from and after its
2-2 passage, and it is so enacted.