1-1 By: Sims S.B. No. 640
1-2 (In the Senate - Filed March 4, 1993; March 8, 1993, read
1-3 first time and referred to Committee on Education; March 17, 1993,
1-4 reported favorably by the following vote: Yeas 10, Nays 0;
1-5 March 17, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Ratliff x
1-9 Haley x
1-10 Barrientos x
1-11 Bivins x
1-12 Harris of Tarrant x
1-13 Luna x
1-14 Montford x
1-15 Shapiro x
1-16 Sibley x
1-17 Turner x
1-18 Zaffirini x
1-19 A BILL TO BE ENTITLED
1-20 AN ACT
1-21 relating to the assignment of oil and gas leases issued by and to
1-22 meetings of the Board for Lease of University Lands.
1-23 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-24 SECTION 1. Subsection (a), Section 66.73, Education Code, is
1-25 amended to read as follows:
1-26 (a) Any rights acquired may be assigned; provided, however,
1-27 in order for an assignment to be valid and effective, the
1-28 assignment must be filed in the county or counties in which the
1-29 area is situated, and a legible <an original certified> copy of the
1-30 recorded assignment must be filed with the Board of Regents of The
1-31 University of Texas System, accompanied by <10 cents an acre for
1-32 each acre assigned and> a filing fee in an amount set by the board
1-33 of not less than $30 <of $5> for each lease assigned <involved in
1-34 the assignment>. If the copy of the recorded assignment is filed
1-35 with the Board of Regents of The University of Texas System after
1-36 the 90th day after the date on which the assignment is recorded,
1-37 the copy must be accompanied by the filing fee set by the board and
1-38 by a late fee equal to the amount of the filing fee.
1-39 SECTION 2. Subsection (g), Section 66.62, Education Code, is
1-40 amended to read as follows:
1-41 (g) A majority of the board members present at a meeting has
1-42 the power to act for the board. The agreement of at least two
1-43 board members is required for the board to act.
1-44 SECTION 3. This Act takes effect September 1, 1993, and
1-45 applies only to an assignment recorded or a meeting of the Board
1-46 for Lease of University Lands held on or after that date. An
1-47 assignment recorded or a meeting of the board held before the
1-48 effective date of this Act is governed by the law in effect on the
1-49 date the assignment was recorded or the meeting of the board was
1-50 held, and that law is continued in effect for that purpose.
1-51 SECTION 4. The importance of this legislation and the
1-52 crowded condition of the calendars in both houses create an
1-53 emergency and an imperative public necessity that the
1-54 constitutional rule requiring bills to be read on three several
1-55 days in each house be suspended, and this rule is hereby suspended.
1-56 * * * * *
1-57 Austin,
1-58 Texas
1-59 March 17, 1993
1-60 Hon. Bob Bullock
1-61 President of the Senate
1-62 Sir:
1-63 We, your Committee on Education to which was referred S.B. No. 640,
1-64 have had the same under consideration, and I am instructed to
1-65 report it back to the Senate with the recommendation that it do
1-66 pass and be printed.
1-67 Ratliff,
1-68 Chairman
2-1 * * * * *
2-2 WITNESSES
2-3 FOR AGAINST ON
2-4 ___________________________________________________________________
2-5 Name: Steve Hartmann x
2-6 Representing: UT System
2-7 City: Midland
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