By:  Junell                                           H.B. No. 1006
       73R4919 LJD-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to estimates by the Texas Public Finance Authority of
    1-3  interest and sinking fund balances available for payment of debt
    1-4  service on general obligation bonds.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Section 4, Chapter 696, Acts of the 70th
    1-7  Legislature, Regular Session, 1987 (Article 601d-1, Vernon's Texas
    1-8  Civil Statutes), is amended by adding Subsection (f) to read as
    1-9  follows:
   1-10        (f)  The authority shall provide an accurate estimate of
   1-11  interest and sinking fund balances available for payment of debt
   1-12  service on general obligation bonds to the Legislative Budget Board
   1-13  and the Governor's Office of Budget and Planning not later than
   1-14  January 1 of each odd-numbered year.
   1-15        SECTION 2.  The importance of this legislation and the
   1-16  crowded condition of the calendars in both houses create an
   1-17  emergency and an imperative public necessity that the
   1-18  constitutional rule requiring bills to be read on three several
   1-19  days in each house be suspended, and this rule is hereby suspended,
   1-20  and that this Act take effect and be in force from and after its
   1-21  passage, and it is so enacted.