By: Montford S.B. No. 1256 A BILL TO BE ENTITLED AN ACT 1-1 relating to scholarships and loans for students enrolled in 1-2 institutions of higher education and funds for repayment of certain 1-3 physician education loans. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subsections (g), and (h) of, Article 6675a-5J, 1-6 Vernon's Texas Civil Statutes are amended to read as follows: 1-7 (g) The department shall deposit $25 of each fee collected 1-8 under this section for the issuance of license plates designating a 1-9 public senior college or university in the state treasury to the 1-10 credit of the public senior college or university. The funds may 1-11 be used only for scholarships to student who demonstrate a need for 1-12 financial assistance under the rules adopted by the Texas Higher 1-13 Education Coordinating Board. Funds deposited under this 1-14 subsection are supplementary and are not income for purposes of 1-15 reducing general revenue appropriation to the public senior college 1-16 or university in the General Appropriations Act. Section 1-17 403.094(h), Government Code, does not apply to funds described in 1-18 this subsection. 1-19 (h) The department shall deposit $25 of each fee collected 1-20 under this section for the issuance of license plates designating a 1-21 private institution or other public institutions of higher 1-22 education not included in Subsection (g) of this section in the 1-23 state treasury to the credit of the Texas Higher Education 2-1 Coordinating Board for allocation to students at the designated 2-2 public or private institutions of higher education. The funds may 2-3 only be used for awarding scholarships to students who demonstrate 2-4 a need for financial assistance under rules adopted by the Texas 2-5 Higher Education Coordinating Board. Funds deposited under this 2-6 subsection shall be allocated for awarding scholarships to eligible 2-7 students at the designated institution in addition to any amounts 2-8 that otherwise are available for allocation. Section 403.094(h), 2-9 Government Code does not apply to funds described in this 2-10 subsection. 2-11 SECTION 2. Section 61.539, Texas Education Code, is amended 2-12 by adding Subsection (c) to read as follows: 2-13 (c) Section 403.094(h), Government Code does not apply to 2-14 funds described in this subchapter. 2-15 SECTION 3. Subsection (c) of Article 41a-1, Vernon's Texas 2-16 Civil Statutes is amended to read as follows: 2-17 (c) Each fee collected under this section shall be deposited 2-18 in the state treasury to the credit of a special fund to be known 2-19 as the scholarship fund for fifth-year accounting students. 2-20 Section 403.094(h), Government Code does not apply to funds 2-21 described in this section. The fund may be used only by the Texas 2-22 Higher Education Coordinating Board for providing scholarships to 2-23 accounting students in the fifth year of a program that would 2-24 qualify the recipient to apply to become a certified public 2-25 accountant, as provided by Subchapter N, Chapter 61, Education 3-1 Code, and by the Texas Higher Education Coordinating Board and the 3-2 Texas State Board of Public Accountancy for paying associated 3-3 administrative costs, subject to Subsection (e) of this section. 3-4 SECTION 4. The importance of this legislation and the 3-5 crowded condition of the calendars in both houses create an 3-6 emergency and an imperative public necessity that the 3-7 constitutional rule requiring bills to be read on three several 3-8 days in each house be suspended, and this rule is hereby suspended, 3-9 and that this Act take effect and be in force from and after its 3-10 passage, and it is so enacted.