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.