By: Madla S.B. No. 142 73R880 SOS-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to authorizing public junior colleges to charge an 1-3 endowment fee and to establish an endowment fund. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 130, Education Code, is 1-6 amended by adding Section 130.007 to read as follows: 1-7 Sec. 130.007. ENDOWMENT FEES AND ENDOWMENT FUND. (a) The 1-8 board of trustees of a public junior college may establish an 1-9 endowment fund outside the state treasury in a depository selected 1-10 by the board of trustees. 1-11 (b) The board of trustees may collect from each student 1-12 enrolled at the junior college an endowment fee to be used only for 1-13 the operation and maintenance of the junior college. 1-14 (c) An endowment fee collected under this section shall be 1-15 deposited in the endowment fund. 1-16 SECTION 2. The importance of this legislation and the 1-17 crowded condition of the calendars in both houses create an 1-18 emergency and an imperative public necessity that the 1-19 constitutional rule requiring bills to be read on three several 1-20 days in each house be suspended, and this rule is hereby suspended, 1-21 and that this Act take effect and be in force from and after its 1-22 passage, and it is so enacted.