By:  Erickson                                         H.B. No. 1595
       73R4483 DWS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the use of the unclaimed money fund for economic
    1-3  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)  the remainder to the counties of the state, in
   1-14  proportion to the counties' population, to be used only to carry
   1-15  out a program under Section 381.004, Local Government Code <General
   1-16  Revenue Fund>.
   1-17        SECTION 2.  This Act takes effect September 1, 1993.
   1-18        SECTION 3.  The importance of this legislation and the
   1-19  crowded condition of the calendars in both houses create an
   1-20  emergency and an imperative public necessity that the
   1-21  constitutional rule requiring bills to be read on three several
   1-22  days in each house be suspended, and this rule is hereby suspended.