By:  Sims                                              S.B. No. 640
       73R5067 SMH-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the assignment of oil and gas leases issued by, and to
    1-3  meetings of, the Board for Lease of University Lands.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 66.73(a), Education Code, is amended to
    1-6  read as follows:
    1-7        (a)  Any rights acquired may be assigned; provided, however,
    1-8  in order for an assignment to be valid and effective, the
    1-9  assignment must be filed in the county or counties in which the
   1-10  area is situated, and a legible <an original certified> copy of the
   1-11  recorded assignment must be filed with the Board of Regents of The
   1-12  University of Texas System, accompanied by <10 cents an acre for
   1-13  each acre assigned and> a filing fee in an amount set by the board
   1-14  of not less than  $30 <of $5> for each lease assigned <involved in
   1-15  the assignment>.  If the copy of the recorded assignment is filed
   1-16  with the Board of Regents of The University of Texas System after
   1-17  the 90th day after the date on which the assignment is recorded,
   1-18  the copy must be accompanied by the filing fee set by the board and
   1-19  by a late fee equal to the amount of the filing fee.
   1-20        SECTION 2.  Section 66.62(g), Education Code, is amended to
   1-21  read as follows:
   1-22        (g)  A majority of the board members present at a meeting has
   1-23  the power to act for the board.  The agreement of at least two
   1-24  board members is required for the board to act.
    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  held on or after that date.  An assignment recorded or a meeting of
    2-4  the board held before the effective date of this Act is governed by
    2-5  the law in effect on the date the assignment was recorded or the
    2-6  meeting of the board was held, and that law is continued in effect
    2-7  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.