1-1 By: Barrientos S.B. No. 1691 1-2 (In the Senate - Filed May 1, 1995; May 2, 1995, read first 1-3 time and referred to Committee on Education; May 3, 1995, reported 1-4 favorably by the following vote: Yeas 10, Nays 0; May 3, 1995, 1-5 sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to the conveyance of certain real property by the Austin 1-9 Independent School District to the Austin Community College 1-10 District. 1-11 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-12 SECTION 1. (a) The Austin Independent School District may 1-13 convey all right, title, and interest in all or part of the real 1-14 property described by Section 1, Chapter 824, Acts of the 62nd 1-15 Legislature, Regular Session, 1971, to the Austin Community College 1-16 District for mutually agreed consideration paid to the Austin 1-17 Independent School District. 1-18 (b) The conveyed property must be used by the Austin 1-19 Community College District for public educational purposes 1-20 consistent with Section 1, Chapter 824, Acts of the 62nd 1-21 Legislature, Regular Session, 1971. The Austin Independent School 1-22 District retains a right of reverter in the conveyed property, and 1-23 title to the property shall automatically revert to and vest in the 1-24 Austin Independent School District if the Austin Community College 1-25 District ceases to use the property for public educational 1-26 purposes. 1-27 (c) A conveyance under this Act does not invoke the right of 1-28 reverter retained by the state in Section 1, Chapter 824, Acts of 1-29 the 62nd Legislature, Regular Session, 1971. 1-30 SECTION 2. The importance of this legislation and the 1-31 crowded condition of the calendars in both houses create an 1-32 emergency and an imperative public necessity that the 1-33 constitutional rule requiring bills to be read on three several 1-34 days in each house be suspended, and this rule is hereby suspended, 1-35 and that this Act take effect and be in force from and after its 1-36 passage, and it is so enacted. 1-37 * * * * *