S.B. No. 301
AN ACT
1-1 relating to the disposition of interest received from investments
1-2 of money in the funds and accounts in the charge of the state
1-3 treasurer.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subsection (a), Section 404.071, Government Code,
1-6 is amended to read as follows:
1-7 (a) Interest received from investments of money in funds and
1-8 accounts in the charge of the treasurer shall be allocated on a
1-9 monthly basis as follows:
1-10 (1) the pro rata portion of the interest received due
1-11 to each constitutional fund shall be credited to that fund; <and>
1-12 (2) the pro rata portion of the interest received due
1-13 to the game, fish, and water safety fund shall be credited to that
1-14 fund; and
1-15 (3) the remainder of the interest received, except the
1-16 portion required by other statutes to be credited on a pro rata
1-17 basis to protested payments, shall be credited to the general
1-18 revenue fund.
1-19 SECTION 2. The pro rata portion of the interest received due
1-20 to the game, fish, and water safety fund since May 17, 1992, shall
1-21 be credited to that fund.
1-22 SECTION 3. The importance of this legislation and the
1-23 crowded condition of the calendars in both houses create an
2-1 emergency and an imperative public necessity that the
2-2 constitutional rule requiring bills to be read on three several
2-3 days in each house be suspended, and this rule is hereby suspended,
2-4 and that this Act take effect and be in force from and after its
2-5 passage, and it is so enacted.