73R8498 DWS-F
          By Erickson                                           H.B. No. 1595
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the use of certain funds in the unclaimed money fund
    1-3  for economic development by counties.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 74.602(b), Property Code, is amended to
    1-6  read as follows:
    1-7        (b)  Each fiscal year after deducting funds sufficient to pay
    1-8  anticipated expenses and claims of the unclaimed money fund, the
    1-9  state treasurer shall transfer:
   1-10              (1)  half of the balance of the unclaimed money fund to
   1-11  the foundation school fund;
   1-12              (2)  $1.2 million to the state ethics fund; <and>
   1-13              (3)  to each county of the state that requests, an
   1-14  amount equal to any capital credits in the fund, less anticipated
   1-15  claims, that were delivered under this chapter to the state
   1-16  treasurer by an electric cooperative corporation on behalf of the
   1-17  corporation's members in that county, with the money to be used
   1-18  only to carry out a program under Section 381.004, Local Government
   1-19  Code; and
   1-20              (4)  the remainder to the General Revenue Fund.
   1-21        SECTION 2.  This Act takes effect September 1, 1995.
   1-22        SECTION 3.  The importance of this legislation and the
   1-23  crowded condition of the calendars in both houses create an
   1-24  emergency and an imperative public necessity that the
    2-1  constitutional rule requiring bills to be read on three several
    2-2  days in each house be suspended, and this rule is hereby suspended.