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.