By Naishtat H.B. No. 1985 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the authority of the Texas School for the Blind and 1-3 Visually Impaired to lease real property to Recording for the Blind 1-4 Inc. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. PURPOSE. The purpose of this Act is to authorize 1-7 the Texas School for the Blind and Visually Impaired to lease 1-8 available real property on the School's campus to Recording for the 1-9 Blind, Inc. 1-10 SECTION 2. AUTHORITY TO LEASE. (a) The Texas School for 1-11 the Blind and Visually Impaired may contract with Recording for the 1-12 Blind, Inc. for the lease of available real property on the Texas 1-13 School for the Blind and Visually Impaired campus located at 1100 1-14 W. 45th Street. 1-15 (b) In determining the fair market consideration for the 1-16 lease, the actual benefits to be received by the School, the 1-17 School's students and the blind and visually impaired community in 1-18 the State, may be considered. 1-19 SECTION 3. PROCEDURE FOR LEASE. The Asset Management 1-20 Division of the General Land Office will negotiate the terms of the 1-21 lease, close the transaction and determine the most suitable 1-22 location for the lease on behalf of the School as provided by 1-23 Chapter 31 Natural Resources Code. The Asset Management Division 2-1 is not required to transact the lease by sealed bid or public 2-2 auction. 2-3 SECTION 4. DEDICATION OF PROCEEDS. Proceeds from the real 2-4 estate transaction conducted under Section 2 of this Act shall be 2-5 deposited in the General Revenue Fund for the use and benefit of 2-6 the Texas School for the Blind and Visually Impaired. 2-7 SECTION 5. EMERGENCY. The importance of this legislation 2-8 and the crowded condition of the calendars in both houses create an 2-9 emergency and an imperative public necessity that the 2-10 constitutional rule requiring bills to be read on three several 2-11 days in each house be suspended, and this rule is hereby suspended, 2-12 and that this Act take effect and be in force from and after its 2-13 passage, and it is so enacted.