By Rosson                                              S.B. No. 174
       74R2675 CAS-D
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the investment capital fund.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 11.2092(e), Education Code, is amended to
    1-5  read as follows:
    1-6        (e)  The commissioner of education may make a grant of up to
    1-7  $50,000 <$25,000> each academic year to an eligible school.  Campus
    1-8  administration personnel of a school that receives a grant under
    1-9  this section are accountable to the commissioner of education and
   1-10  must demonstrate:
   1-11              (1)  the responsible use of the grant to achieve campus
   1-12  deregulation and restructuring to improve academic performance; and
   1-13              (2)  a comprehensive plan to engage in on-going
   1-14  development and training of teachers, parents, and community
   1-15  leaders to:
   1-16                    (A)  understand academic standards;
   1-17                    (B)  develop effective strategies to improve
   1-18  academic performance; and
   1-19                    (C)  organize a large constituency of parents and
   1-20  community leaders to hold the school and school district
   1-21  accountable to achieve high academic standards; and
   1-22              (3)  on-going progress in achieving higher academic
   1-23  performance.
   1-24        SECTION 2.  Section 16.152(m), Education Code, as added by
    2-1  Chapter 907, Acts of the 73rd Legislature, Regular Session, 1993,
    2-2  is amended to read as follows:
    2-3        (m)  From the total amount of funds appropriated for
    2-4  allotments under this section, the commissioner of education shall,
    2-5  each fiscal year, withhold the amount of $5 million <$1 million>
    2-6  for transfer to the investment capital fund under Section 11.2092
    2-7  of this code.
    2-8        SECTION 3.  The importance of this legislation and the
    2-9  crowded condition of the calendars in both houses create an
   2-10  emergency and an imperative public necessity that the
   2-11  constitutional rule requiring bills to be read on three several
   2-12  days in each house be suspended, and this rule is hereby suspended,
   2-13  and that this Act take effect and be in force from and after its
   2-14  passage, and it is so enacted.