By Jones of Dallas H.B. No. 2539 74R7410 SMH-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the establishment of a historically black or Hispanic 1-3 college or university Internet access trust fund. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Chapter 61, Education Code, is amended by adding 1-6 Subchapter Q to read as follows: 1-7 SUBCHAPTER Q. HISTORICALLY BLACK OR HISPANIC COLLEGE OR 1-8 UNIVERSITY INTERNET ACCESS TRUST FUND 1-9 Sec. 61.791. ESTABLISHMENT OF FUND. (a) The historically 1-10 black or Hispanic college or university Internet access trust fund 1-11 is a trust fund in the custody of the state treasurer. 1-12 (b) The board may accept gifts and grants from any public or 1-13 private source for the fund. 1-14 (c) The Office of State-Federal Relations shall assist the 1-15 board in obtaining grants from the United States for the fund. 1-16 (d) The legislature shall appropriate to the fund each 1-17 biennium an amount equal to the amount of gifts and grants 1-18 deposited to the credit of the fund during the preceding biennium. 1-19 Sec. 61.792. ADMINISTRATION OF FUND. The board shall 1-20 administer the fund. 1-21 Sec. 61.793. INVESTMENT OF FUND. (a) The state treasurer 1-22 shall invest the money in the fund. 1-23 (b) The income from the fund shall be deposited to the 1-24 credit of the fund. 2-1 Sec. 61.794. USE OF FUND. (a) The board may use money in 2-2 the fund to provide a historically black or Hispanic college or 2-3 university access to the Internet or a similar electronic 2-4 communications network. 2-5 (b) The state treasurer shall pay money in the fund to a 2-6 historically black or Hispanic college or university on a warrant 2-7 drawn by the comptroller supported by a voucher signed by the 2-8 commissioner of higher education and the chairman of the board or 2-9 their authorized representatives. 2-10 SECTION 2. This Act takes effect September 1, 1995. 2-11 SECTION 3. The importance of this legislation and the 2-12 crowded condition of the calendars in both houses create an 2-13 emergency and an imperative public necessity that the 2-14 constitutional rule requiring bills to be read on three several 2-15 days in each house be suspended, and this rule is hereby suspended.