By:  Duncan, West                                     S.B. No. 1871

                                A BILL TO BE ENTITLED

                                       AN ACT

 1-1     relating to adjustments in the investment capital fund.

 1-2           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-3           SECTION 1.  Subsection (l), Section 42.152, Education Code,

 1-4     is amended to read as follows:

 1-5           (l)  From the total amount of funds appropriated for

 1-6     allotments under this section, the commissioner shall, each fiscal

 1-7     year, withhold the amount of $5 [$2.5] million for transfer to the

 1-8     investment capital fund under Section 7.024.

 1-9           SECTION 2.  This Act takes effect September 1, 1997.

1-10           SECTION 3.  The importance of this legislation and the

1-11     crowded condition of the calendars in both houses create an

1-12     emergency and an imperative public necessity that the

1-13     constitutional rule requiring bills to be read on three several

1-14     days in each house be suspended, and this rule is hereby suspended.