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 1-68 -------------------------------------------------------------------