By Wentworth S.B. No. 832
74R7100 E
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 providing for the issuance of specially designed Texas license
1-3 plates for the United States Olympic Committee.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Chapter 88, General Laws, Acts of the 41st
1-6 Legislature, 2nd Called Session, 1929 (Article 6675a-1 et seq.,
1-7 Vernon's Texas Civil Statutes), is amended by adding Section 5q to
1-8 read as follows:
1-9 Sec. 5q. (a) The department shall provide for the issuance
1-10 of special United States Olympic Committee plates for passenger
1-11 cars and light commercial motor vehicles having a manufacturer's
1-12 rated carrying capacity of one ton or less.
1-13 (b) The license plates must bear the words "United States
1-14 Olympic Committee" and be of a color, quality, and design approved
1-15 by the United States Olympic Committee.
1-16 (c) The department shall issue plates under this section to
1-17 a person who:
1-18 (1) applies to the county tax collector in the county
1-19 of the person's residence on a form provided by the department; and
1-20 (2) pays the fee prescribed by Subsection (e) of this
1-21 section.
1-22 (d) A person applying for license plates under this section
1-23 may:
1-24 (1) have a license plate number assigned by the
2-1 department; or
2-2 (2) apply for personalized prestige license plates
2-3 under this Act.
2-4 (e) The fee for issuance of special license plates under
2-5 this section is $50 per each year in which the vehicle is
2-6 registered in addition to the regular registration fee for the
2-7 vehicle imposed by Section 5 of this Act and, if personalized
2-8 prestige license plates are issued, in addition to the fee imposed
2-9 by this Act.
2-10 (f) There is created in the state's general revenues a
2-11 special nonlapsing fund to be known as the U.S. Olympics trust
2-12 fund--Texas. Money deposited in the fund shall be dedicated to the
2-13 purposes set forth in Subsection (k) of this section. Money held
2-14 in this account shall be held in interest-bearing accounts in
2-15 public depositories authorized by law and may be invested and
2-16 reinvested in such securities as are approved by the state.
2-17 Interest earned or other money from appropriated state funds or any
2-18 other source deposited into the U.S. Olympics trust fund--Texas
2-19 becomes a part of the trust fund and available for use as
2-20 prescribed for the fund.
2-21 (g) The department shall deposit $45 of each fee collected
2-22 under this section in the state treasury to the credit of an
2-23 account in the U.S. Olympics trust fund--Texas.
2-24 (h) The department shall deposit the remainder of each fee
2-25 collected under this section after deposit as provided by
2-26 Subsection (g) of this section in the state treasury to the credit
2-27 of the state highway fund to be used only to defray the cost of
3-1 administering this section.
3-2 (i) If license plates issued under this section are lost,
3-3 stolen, or mutilated, the owner of the vehicle for which the plates
3-4 were issued may obtain replacement plates from the department by
3-5 paying a replacement fee of $5. If the owner of a vehicle for
3-6 which plates were issued under this section disposes of the vehicle
3-7 during a registration year, the person shall return the special
3-8 license plates to the department.
3-9 (j) There is no limit to the number of passenger cars and
3-10 light commercial motor vehicles for which the person may apply for
3-11 issuance of license plates under this section.
3-12 (k) Money deposited in the U.S. Olympics trust fund--Texas
3-13 shall be allocated in their entirety to the U.S. Olympics Committee
3-14 established and authorized under Public Law 95-606 (1978), to be
3-15 used by the United States Olympic Committee, 50 percent for the
3-16 training and development of Texas Olympians and Olympic hopeful
3-17 athletes, as identified by the United States Olympic Committee,
3-18 and 50 percent for the training and development of other United
3-19 States amateur athletes and Olympians identified by the United
3-20 States Olympic Committee. The funds in the U.S. Olympics trust
3-21 fund--Texas shall be transferred from the U.S. Olympics trust
3-22 fund--Texas to the United States Olympic Committee no more than one
3-23 time per calendar year as 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.