By Craddick H.B. No. 735 74R3815 SRC-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to uses of balances in the inaugural fund; making 1-3 appropriations. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter A, Chapter 401, Government Code, is 1-6 amended by adding Section 401.011 to read as follows: 1-7 Sec. 401.011. GOVERNOR'S ENDOWMENT FUND; LIEUTENANT 1-8 GOVERNOR'S ENDOWMENT FUND. (a) To the extent that the balance of 1-9 the inaugural fund exceeds $100,000 plus the amount necessary to 1-10 cover fund obligations, on the date the inaugural committee is 1-11 dissolved that balance shall be transferred in equal shares to 1-12 accounts in the general revenue fund to be known respectively as 1-13 the governor's endowment fund and the lieutenant governor's 1-14 endowment fund. The funds shall be administered and expended in 1-15 accordance with this section. 1-16 (b) The funds may be expended for educational, historical, 1-17 or charitable purposes, or for the improvement of state property, 1-18 at the discretion of the respective governing committees. The 1-19 funds may be expended only for projects or purposes that solely or 1-20 primarily benefit the State of Texas and Texas residents. 1-21 (c) The governor shall appoint three persons to the 1-22 governor's endowment fund committee, and the lieutenant governor 1-23 shall appoint three persons to the lieutenant governor's endowment 1-24 fund committee. Notwithstanding other law, the spouse of the 2-1 governor or lieutenant governor may be appointed to the committee. 2-2 (d) The governor or lieutenant governor, as applicable, 2-3 shall designate the chair of the committee. Members of the 2-4 committee serve for terms of two years, expiring on the third 2-5 Tuesday in January in odd-numbered years. Committee members serve 2-6 without compensation or reimbursement for travel or personal 2-7 expenses incurred in carrying out committee duties. 2-8 (e) In addition to the transfer from the inaugural fund, 2-9 each committee may accept contributions of money for deposit in the 2-10 appropriate fund or gifts of services in support of committee 2-11 activities. 2-12 (f) Not later than October 1 of each year, each committee 2-13 shall publish a report detailing contributions received and 2-14 expenditures made during the 12 months ending on the September 1 2-15 preceding the report. 2-16 (g) Each committee is a governmental body for purposes of 2-17 Chapters 551 and 552 but is not subject to Chapter 2001. 2-18 (h) Sections 403.094 and 403.095 do not apply to the 2-19 governor's endowment fund or the lieutenant governor's endowment 2-20 fund. 2-21 SECTION 2. For the biennium ending August 31, 1995, the 2-22 balance of the governor's endowment fund and the lieutenant 2-23 governor's endowment fund is appropriated to the respective 2-24 committees established pursuant to Section 401.011, Government 2-25 Code, as added by this Act, for the purposes provided by that 2-26 section. 2-27 SECTION 3. The importance of this legislation and the 3-1 crowded condition of the calendars in both houses create an 3-2 emergency and an imperative public necessity that the 3-3 constitutional rule requiring bills to be read on three several 3-4 days in each house be suspended, and this rule is hereby suspended, 3-5 and that this Act take effect and be in force from and after its 3-6 passage, and it is so enacted.