By Swinford H.B. No. 240 74R1567 RJA-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to state debt proceeds use statements in bills and 1-3 resolutions authorizing state debt. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subtitle B, Title 3, Government Code, is amended 1-6 by adding Chapter 320 to read as follows: 1-7 CHAPTER 320. STATE DEBT PROCEEDS USE STATEMENT 1-8 Sec. 320.001. USE STATEMENT. Each bill or resolution that 1-9 authorizes or requires the issuance of state debt must include a 1-10 detailed statement of the specific authorized uses of the proceeds 1-11 of the debt instrument. 1-12 Sec. 320.002. RULES. The rules of the house of 1-13 representatives and the senate shall provide for the enforcement of 1-14 Section 320.001. 1-15 SECTION 2. This Act takes effect September 1, 1995, and 1-16 applies only to bills and resolutions filed on or after that date. 1-17 SECTION 3. The importance of this legislation and the 1-18 crowded condition of the calendars in both houses create an 1-19 emergency and an imperative public necessity that the 1-20 constitutional rule requiring bills to be read on three several 1-21 days in each house be suspended, and this rule is hereby suspended.