Amend CSHB 1945 as follows:
      (1)  On page 8, between lines 26 and 27, insert the
following:
      SUBCHAPTER E.  PERMANENT FUND FOR INDIGENT HEALTH CARE
      Sec. 63.401.  PERMANENT FUND FOR INDIGENT HEALTH CARE.  (a)
The permanent fund for indigent health care is a special fund in
the treasury outside the general revenue fund.
      (b)  The fund is composed of:
            (1)  money transferred to the fund at the direction of
the legislature;
            (2)  gifts and grants contributed to the fund; and
            (3)  the returns received from investment of money in
the fund.
      Sec. 63.402.  ADMINISTRATION AND USE OF FUND.  (a)  The board
of regents of The University of Texas System shall administer the
fund. In administering the fund, the board shall  manage and invest
the money in the fund in the same manner as the board manages and
invests other permanent endowments.  The board shall invest the
fund in a manner that preserves the purchasing power of the fund's
assets and the fund's annual distributions.
      (b)  Except as provided by Subsections (c) and (d), money in
the fund established under this subchapter may not be used for any
purpose.
      (c)  The investment returns of the fund may be appropriated
to The University of Texas Medical Branch at Galveston for the
purpose of providing indigent health care to the citizens of this
state.  The board of regents shall report to the legislature the
amount of funds that are available for appropriation under this
section.
      (d)  The board of regents may solicit and accept gifts and
grants for the benefit of the fund.  A gift or grant to the fund
may be expended and used in the same manner as the investment
returns of the fund under Subsection (c), subject to any limitation
or requirement placed on the gift or grant by the donor or granting
entity.
      (e)  Sections 403.095 and 404.071, Government Code, do not
apply to the fund.
      (2)  On page 9, line 20, strike "$400 million" and substitute
"$375 million".
      (3)  On page 10, line 3, strike "$200 million" and substitute
"$175 million".
      (4)  On page 10, line 7, strike "$50 million" and substitute
"$45 million".
      (5)  On page 10, line 9, strike "$25 million" and substitute
"$20 million".
      (6)  On page 10, line 11, strike "$25 million" and substitute
"$20 million".
      (7)  On page 10, line 13, strike "$25 million" and substitute
"$20 million".
      (8)  On page 10, line 14, strike "$25 million" and substitute
"$20 million".
      (9)  On page 10, line 16, strike "$25 million" and substitute
"$20 million".
      (10)  On page 10, line 18, strike "$25 million"  and
substitute "$20 million".
      (11)  On page 10, line 20, strike "$25 million"  and
substitute "$20 million".
      (12)  On page 10, lines 22 and 23, strike "$25 million"  and
substitute "$20 million".
      (13)  On page 10, line 27, strike "$46 million" and
substitute "$5 million".
      (14)  On page 11, between lines 14 and 15, insert the
following:
      (e)  On the effective date of this Act, the comptroller shall
transfer $100 million from the general revenue fund to the
permanent fund for indigent health care established by Subchapter
E, Chapter 63, Education Code, as added by this Act.