By:  Armbrister                                        S.B. No. 301
                                 A BILL TO BE ENTITLED
                                        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.  Section 404.071(a), Government Code, is amended
    1-6  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) <(2)>  the remainder of the interest received,
   1-16  except the portion required by other statutes to be credited on a
   1-17  pro rata basis to protested payments, shall be credited to the
   1-18  general revenue fund.
   1-19        SECTION 2.  The importance of this legislation and the
   1-20  crowded condition of the calendars in both houses create an
   1-21  emergency and an imperative public necessity that the
   1-22  constitutional rule requiring bills to be read on three several
   1-23  days in each house be suspended, and this rule is hereby suspended,
    2-1  and that this Act take effect and be in force from and after its
    2-2  passage, and it is so enacted.