By: Duncan S.B. No. 1871
Line and page numbers may not match official copy.
Bill not drafted by TLC or Senate E&E.
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. Section 42.152, Education Code is amended by
1-4 amending subsection (1) to read as follows:
1-5 (1) 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 [$2.5] $5.0 million for transfer to
1-8 the 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.