S.B. No. 832
AN ACT
1-1 providing for the issuance of specially designed United States
1-2 Olympic Committee Texas license plates.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Chapter 88, General Laws, Acts of the 41st
1-5 Legislature, 2nd Called Session, 1929 (Article 6675a-1 et seq.,
1-6 Vernon's Texas Civil Statutes), is amended by adding Section 5q to
1-7 read as follows:
1-8 Sec. 5q. (a) The department shall provide for the issuance
1-9 of special United States Olympic Committee plates for passenger
1-10 cars and light commercial motor vehicles having a manufacturer's
1-11 rated carrying capacity of one ton or less.
1-12 (b) The license plates must bear the words "United States
1-13 Olympic Committee" and be of a color, quality, and design approved
1-14 by the United States Olympic Committee.
1-15 (c) The department shall issue plates under this section to
1-16 a person who:
1-17 (1) applies to the county tax collector in the county
1-18 of the person's residence on a form provided by the department; and
1-19 (2) pays the fee prescribed by Subsection (e) of this
1-20 section.
1-21 (d) A person applying for license plates under this section
1-22 may:
1-23 (1) have a license plate number assigned by the
1-24 department; or
2-1 (2) apply for personalized prestige license plates
2-2 under this Act.
2-3 (e) The fee for issuance of special license plates under
2-4 this section is $20 for each year in which the vehicle is
2-5 registered in addition to the regular registration fee for the
2-6 vehicle imposed by Section 5 of this Act and, if personalized
2-7 prestige license plates are issued, in addition to the fee imposed
2-8 by this Act.
2-9 (f) There is created in the state's general revenues a
2-10 special nonlapsing fund to be known as the U.S. Olympics trust
2-11 fund--Texas. Money deposited in the fund shall be dedicated to the
2-12 purposes set forth in Subsection (k) of this section. Money held
2-13 in this account shall be held in interest-bearing accounts in
2-14 public depositories authorized by law and may be invested and
2-15 reinvested in such securities as are approved by the state.
2-16 Interest earned or other money from appropriated state funds or any
2-17 other source deposited into the U.S. Olympics trust fund--Texas
2-18 becomes a part of the trust fund and available for use as
2-19 prescribed for the fund.
2-20 (g) The department shall deposit $10 of each fee collected
2-21 under this section in the state treasury to the credit of an
2-22 account in the U.S. Olympics trust fund--Texas.
2-23 (h) The department shall deposit the remainder of each fee
2-24 collected under this section after deposit as provided by
2-25 Subsection (g) of this section in the state treasury to the credit
2-26 of the state highway fund to be used only to defray the cost of
2-27 administering this section.
3-1 (i) If license plates issued under this section are lost,
3-2 stolen, or mutilated, the owner of the vehicle for which the plates
3-3 were issued may obtain replacement plates from the department by
3-4 paying a replacement fee of $5. If the owner of a vehicle for
3-5 which plates were issued under this section disposes of the vehicle
3-6 during a registration year, the person shall return the special
3-7 license plates to the department.
3-8 (j) There is no limit to the number of passenger cars and
3-9 light commercial motor vehicles for which the person may apply for
3-10 issuance of license plates under this section.
3-11 (k) Money deposited in the U.S. Olympics trust fund--Texas
3-12 shall be allocated in its entirety to the United States Olympic
3-13 Committee established and authorized under the Amateur Sports Act
3-14 of 1978 (Pub. L. 95-606) (36 U.S.C. Section 371 et seq.), to be
3-15 used by the United States Olympic Committee for the training and
3-16 development of Texas Olympians and Olympic hopeful athletes, as
3-17 identified by the United States Olympic Committee, and for the
3-18 training and development of other United States amateur athletes
3-19 and Olympians identified by the United States Olympic Committee.
3-20 The funds in the U.S. Olympics trust fund--Texas shall be
3-21 transferred from the U.S. Olympics trust fund--Texas to the United
3-22 States Olympic Committee no more than one time per calendar year as
3-23 determined by the department.
3-24 SECTION 2. The importance of this legislation and the
3-25 crowded condition of the calendars in both houses create an
3-26 emergency and an imperative public necessity that the
3-27 constitutional rule requiring bills to be read on three several
4-1 days in each house be suspended, and this rule is hereby suspended.