By: Barrientos S.B. No. 1160 A BILL TO BE ENTITLED AN ACT 1-1 relating to the authority of the Texas School for the Blind and 1-2 Visually Impaired to lease real property to Recording for the Blind 1-3 Inc. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. PURPOSE. The purpose of this Act is to authorize 1-6 the Texas School for the Blind and Visually Impaired to lease 1-7 available real property on the School's campus to Recording for the 1-8 Blind, Inc. 1-9 SECTION 2. AUTHORITY TO LEASE. (a) The Texas School for 1-10 the Blind and Visually Impaired may contract with Recording for the 1-11 Blind, Inc. for the lease of available real property on the Texas 1-12 School for the Blind and Visually Impaired campus located at 1100 1-13 W. 45th Street. 1-14 (b) In determining the fair market consideration for the 1-15 lease, the actual benefits to be received by the School, the 1-16 School's students and the blind and visually impaired community in 1-17 the State, may be considered. 1-18 SECTION 3. PROCEDURE FOR LEASE. The Asset Management 1-19 Division of the General Land Office will negotiate the terms of the 1-20 lease, close the transaction and determine the most suitable 1-21 location for the lease on behalf of the School as provided by 1-22 Chapter 31 Natural Resources Code. The Asset Management Division 1-23 is not required to transact the lease by sealed bid or public 2-1 auction. 2-2 SECTION 4. DEDICATION OF PROCEEDS. Proceeds from the real 2-3 estate transaction conducted under Section 2 of this Act shall be 2-4 deposited in the General Revenue Fund for the use and benefit of 2-5 the Texas School for the Blind and Visually Impaired. 2-6 SECTION 5. EMERGENCY. The importance of this legislation 2-7 and the crowded condition of the calendars in both houses create an 2-8 emergency and an imperative public necessity that the 2-9 constitutional rule requiring bills to be read on three several 2-10 days in each house be suspended, and this rule is hereby suspended, 2-11 and that this Act take effect and be in force from and after its 2-12 passage, and it is so enacted.