1-1 By: Montford S.B. No. 671
1-2 (In the Senate - Filed March 8, 1993; March 8, 1993, read
1-3 first time and referred to Committee on Finance; March 15, 1993,
1-4 reported adversely, with favorable Committee Substitute by the
1-5 following vote: Yeas 13, Nays 0; March 15, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Montford x
1-9 Turner x
1-10 Armbrister x
1-11 Barrientos x
1-12 Bivins x
1-13 Ellis x
1-14 Haley x
1-15 Moncrief x
1-16 Parker x
1-17 Ratliff x
1-18 Sims x
1-19 Truan x
1-20 Zaffirini x
1-21 COMMITTEE SUBSTITUTE FOR S.B. No. 671 By: Montford
1-22 A BILL TO BE ENTITLED
1-23 AN ACT
1-24 relating to the dedication of certain funds and receipts that
1-25 institutions of higher education are required to deposit in the
1-26 state treasury.
1-27 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-28 SECTION 1. Section 51.008, Education Code, is amended by
1-29 adding Subsection (g) to read as follows:
1-30 (g) Revenues collected at institutions of higher education
1-31 and deposited in the state treasury pursuant to this section and
1-32 Section 34.017, Natural Resources Code, and the interest earned
1-33 thereon, are dedicated to the institution which collected and
1-34 deposited the funds irrespective of the year the funds were
1-35 collected, deposited, or earned. These funds may be only used for
1-36 the support, maintenance, and operation of the institution as
1-37 provided for by law. Section 403.094(h), Government Code, does not
1-38 apply to funds described in this section.
1-39 SECTION 2. This Act takes effect September 1, 1993.
1-40 SECTION 3. The importance of this legislation and the
1-41 crowded condition of the calendars in both houses create an
1-42 emergency and an imperative public necessity that the
1-43 constitutional rule requiring bills to be read on three several
1-44 days in each house be suspended, and this rule is hereby suspended,
1-45 and that this Act take effect and be in force according to its
1-46 terms, and it is so enacted.
1-47 * * * * *
1-48 Austin,
1-49 Texas
1-50 March 15, 1993
1-51 Hon. Bob Bullock
1-52 President of the Senate
1-53 Sir:
1-54 We, your Committee on Finance to which was referred S.B. No. 671,
1-55 have had the same under consideration, and I am instructed to
1-56 report it back to the Senate with the recommendation that it do not
1-57 pass, but that the Committee Substitute adopted in lieu thereof do
1-58 pass and be printed.
1-59 Montford,
1-60 Chairman
1-61 * * * * *
1-62 WITNESSES
1-63 FOR AGAINST ON
1-64 ___________________________________________________________________
1-65 Name: Dan Burck, Executive Vice Chancellor x
1-66 Representing: University of Texas System
1-67 City: Austin
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