By:  Sims                                              S.B. No. 640
                                 A BILL TO BE ENTITLED
                                        AN ACT
    1-1  relating to the assignment of oil and gas leases issued by and to
    1-2  meetings of the Board for Lease of University Lands.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Subsection (a), Section 66.73, Education Code, is
    1-5  amended to read as follows:
    1-6        (a)  Any rights acquired may be assigned; provided, however,
    1-7  in order for an assignment to be valid and effective, the
    1-8  assignment must be filed in the county or counties in which the
    1-9  area is situated, and a legible <an original certified> copy of the
   1-10  recorded assignment must be filed with the Board of Regents of The
   1-11  University of Texas System, accompanied by <10 cents an acre for
   1-12  each acre assigned and> a filing fee of $30 <$5> for each lease
   1-13  assigned <involved in the assignment>.  If the copy of the recorded
   1-14  assignment is filed with the Board of Regents of The University of
   1-15  Texas System after the 90th day after the date on which the
   1-16  assignment is recorded, the copy must be accompanied by the filing
   1-17  fee set by the board and by a late fee equal to the amount of the
   1-18  filing fee.
   1-19        SECTION 2.  Subsection (g), Section 66.62, Education Code, is
   1-20  amended to read as follows:
   1-21        (g)  Unless the action relates to the sale of a lease, a <A>
   1-22  majority of the board members has the power to act for the board.
   1-23  If the action relates to the sale of a lease, two board members
   1-24  present at a meeting have the power to act for the board.
    2-1        SECTION 3.  This Act takes effect September 1, 1993, and
    2-2  applies only to an assignment recorded or a meeting of the Board
    2-3  for Lease of University Lands held on or after that date.  An
    2-4  assignment recorded or a meeting of the board held before the
    2-5  effective date of this Act is governed by the law in effect on the
    2-6  date the assignment was recorded or the meeting of the board was
    2-7  held, and that law is continued in effect for that purpose.
    2-8        SECTION 4.  The importance of this legislation and the
    2-9  crowded condition of the calendars in both houses create an
   2-10  emergency and an imperative public necessity that the
   2-11  constitutional rule requiring bills to be read on three several
   2-12  days in each house be suspended, and this rule is hereby suspended.