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.