By Turner of Harris                                   H.B. No. 2073
       74R7390 RJA-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the disposition of interest received from investments
    1-3  of certain funds and accounts.
    1-4        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-5        SECTION 1.  Section 404.071(a), Government Code, is amended
    1-6  to read as follows:
    1-7        (a)  Interest received from investments of money in funds and
    1-8  accounts in the charge of the treasurer shall be allocated on a
    1-9  monthly basis as follows:
   1-10              (1)  the pro rata portion of the interest received due
   1-11  to each constitutional fund for which interest is required to be
   1-12  credited to that fund by Section 7(c), Article VIII, Texas
   1-13  Constitution, shall be credited to that fund;
   1-14              (2)  the pro rata portion of the interest received due
   1-15  to the game, fish, and water safety fund shall be credited to that
   1-16  fund; and
   1-17              (3)  the remainder of the interest received, except the
   1-18  portion required by other statutes to be credited on a pro rata
   1-19  basis to protested payments, shall be credited to the general
   1-20  revenue fund.
   1-21        SECTION 2.  This Act takes effect January 1, 1996, but only
   1-22  if the constitutional amendment proposed by the 74th Legislature,
   1-23  Regular Session, 1995, authorizing the legislature to allocate
   1-24  interest from certain constitutional funds to the general revenue
    2-1  fund is approved by the voters.  If that amendment is not approved
    2-2  by the voters, this Act has no effect.
    2-3        SECTION 3.  The importance of this legislation and the
    2-4  crowded condition of the calendars in both houses create an
    2-5  emergency and an imperative public necessity that the
    2-6  constitutional rule requiring bills to be read on three several
    2-7  days in each house be suspended, and this rule is hereby suspended.