By: Ellis S.B. No. 959 73R6360 GCH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the administration and use of oil overcharge funds. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. (a) The power and discretion to finance and 1-5 oversee projects financed with oil overcharge funds is transferred 1-6 to the Legislative Budget Board. 1-7 (b) All programs financed with oil overcharge funds are 1-8 direct grant programs except the revolving loan program. 1-9 (c) The Medicaid analysis and cost control office shall 1-10 provide staff to implement the Oil Overcharge Restitutionary Act 1-11 (Article 4413(56), Vernon's Texas Civil Statutes) and its 1-12 subsequent amendments. The energy office of the office of the 1-13 governor is transferred to the General Services Commission. 1-14 (d) Projects under the transportation energy program may not 1-15 include public education related to mass transit. 1-16 (e) Sections 5, 17, and 26, Oil Overcharge Restitutionary 1-17 Act (Article 4413(56), Vernon's Texas Civil Statutes), and their 1-18 subsequent amendments, are repealed. 1-19 SECTION 2. The importance of this legislation and the 1-20 crowded condition of the calendars in both houses create an 1-21 emergency and an imperative public necessity that the 1-22 constitutional rule requiring bills to be read on three several 1-23 days in each house be suspended, and this rule is hereby suspended, 1-24 and that this Act take effect and be in force from and after its 2-1 passage, and it is so enacted.