1-1 By: Rosson S.B. No. 1282 1-2 (In the Senate - Filed March 10, 1995; March 20, 1995, read 1-3 first time and referred to Committee on Natural Resources; 1-4 April 7, 1995, reported favorably by the following vote: Yeas 7, 1-5 Nays 0; April 7, 1995, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the authority of the School Land Board to dedicate 1-9 permanent school fund land for public uses in exchange for 1-10 nonmonetary consideration. 1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-12 SECTION 1. Section 51.052, Natural Resources Code, is 1-13 amended by adding Subsection (j) to read as follows: 1-14 (j) The board, in its sole discretion and in the best 1-15 interests of the permanent school fund as determined by the board 1-16 and without regard to requirements of local governments as to the 1-17 necessity of any such dedication, may dedicate permanent school 1-18 fund land to any governmental unit for the benefit and use of the 1-19 public in exchange for nonmonetary consideration with a value 1-20 reasonably equivalent to or greater than the value of the dedicated 1-21 land, if the board determines that such an exchange would benefit 1-22 the permanent school fund. The asset management division of the 1-23 land office shall determine the value of the nonmonetary 1-24 consideration and shall file a copy of its determination with the 1-25 commissioner. Examples of public purposes for which permanent 1-26 school fund land may be dedicated under this subsection include but 1-27 are not limited to: (1) rights-of-way for public roads, 1-28 utilities, or other infrastructure; (2) public schools; 1-29 (3) public parks; (4) government offices or facilities; 1-30 (5) public recreation facilities; and (6) residential 1-31 neighborhood public amenities. 1-32 SECTION 2. The importance of this legislation and the 1-33 crowded condition of the calendars in both houses create an 1-34 emergency and an imperative public necessity that the 1-35 constitutional rule requiring bills to be read on three several 1-36 days in each house be suspended, and this rule is hereby suspended. 1-37 * * * * *