Amend HB 3620 by adding the following appropriately numbered section to the bill and renumbering subsequent sections of the bill appropriately: SECTION 3. (a) On or before January 1, 2001, the commissioner of the General Land Office on behalf of the state may transfer to the City of Texas City the right, title, and interest in and to the property described by Subsection (h) of this section. (b) The transfer authorized by Subsection (a) of this section must be: (1) for a cash consideration in an amount not less than the fair market value of the property as determined by the commissioner of the General Land Office after an appraisal performed by an appraiser employed by the General Land Office; and (2) under other terms negotiated in a purchase and sale agreement between the parties. (c) All terms of the transfer described by Subsection (b) must be completed before the General Land Office may transfer title to the property described by Subsection (h). (d) The state expressly reserves for the benefit of the permanent school fund all oil, gas, and other minerals in, on, or under the property and the unrestricted right of ingress and egress to explore for and develop those minerals. (e) If, after the transfer authorized by Subsection (a) of this section, the City of Texas City transfers or attempts to transfer title to all or part of the property, title to the property automatically reverts to the state. (f) On payment of the consideration required by Subsection (b) of this section and the execution of an appropriate instrument of transfer, the title of the City of Texas City to the property becomes absolute, subject only to the reservations provided by this section. The City of Texas City may use, develop, or lease all or part of the property for public or private purposes subject only to applicable provisions of the Texas Constitution. (g) Section 31.158, Natural Resources Code, does not apply to the transfer of property authorized by this section. (h) The real property to which Subsection (a) of this section refers is described as follows: (1) Tract 1 is 561.29 acres being part of and out of "Snake Island, and adjacent submerged lands of Galveston Bay, S.F. 14149, in Galveston County, Texas; said 561.29 acres being more particularly described by metes and bounds as follows, with all bearing referenced to the Texas Coordinate System, South Central Zone: BEGINNING at the point of intersection of the southerly line of the Texas City Channel (400 foot wide at this point) with the easterly line of the City of Texas City called 375.75 Acre Tract as described in conveyance from the State of Texas to the City of Texas as per instrument recorded in Volume 1941, Page 750 of the Galveston County Deed Records, said beginning point having witnessed by found US Corps of Engineers (COE) Monument #4-3 with and distance reference of S 64 deg. 31' 11" E, at 5,504.15 feet; THENCE, S 76 deg. 47' 18" E, along the southerly line of the Texas City Channel (400 feet wide), for a distance of 5,248.23 feet to a point for corner; THENCE, S 13 deg. 12' 42" W, for a distance of 2,900.00 feet to a point for corner; THENCE, S 60 deg. 01' 26" W for a distance of 6,879.77 feet to a point for corner, on an easterly line of the said City of Texas City called 375.75 Acre Tract; THENCE, N 02 deg. 24' 28" W, along the easterly line of the said City of Texas City called 375.75 Acre Tract, at a distance of 169.67 feet pass a 5/8-inch iron rod set for reference with continuing for a total distance of 2,166.62 feet to a re-entrant corner of said called 375.75 Acre Tract; THENCE, N 87 deg. 35' 32" E, along a southerly line of said City of Texas City called 375.75 Acre Tract, for a distance of 1,825.01 feet to a point for corner, same being the most easterly Southeast corner of said called 375.75 Acre Tract; THENCE, N 02 deg. 24' 28" W, along the easterly line of said City of Texas City called 375.75 Acre Tract, at a distance of 4,193.06 feet pass a 5/8-inch iron rod set for reference with continuing for a total distance of 5,223.36 feet to the POINT OF BEGINNING, of a tract containing 561.29 acres. (2) Tract 2 is 49.55 acres being part of and out of "Snake Island, and adjacent submerged lands of Galveston Bay, S.F. 14149, in Galveston County, Texas; said 49.55 acres being more particularly described by metes and bounds as follows, with all bearing referenced to the Texas Coordinate System, South Central Zone: BEGINNING at the point of intersection of the southerly line of a 650 foot wide Industrial Canal as indicated on US Corps of Engineers (COE) location map date June 1978 (File 308-) with the westerly line of the City of Texas City called 375.75 Acre Tract as described in conveyance from the State of Texas to the City of Texas as per instrument recorded in Volume 1941, Page 750 of the Galveston County Deed Records, said beginning point having THENCE, S 02 deg. 24' 28" E, along the westerly line of said City of Texas City called 375.75 Acre Tract, at a distance of 186.99 feet pass a 5/8-inch iron rod set for reference with continuing for a total distance of 2,104.34 feet to a point for corner, from which a 5/8-inch iron rod set for reference bears S 02 deg. 24' 28" E, a distance of 402.98 feet (said 5/8-inch iron rod THENCE, S 87 deg. 35' 32" W, along a northerly line of said City of Texas City called 375.75 Acre Tract, for a distance of 1,539.99 feet to a point for corner, same being the most westerly Northwest corner of said City of Texas City called 375.75 Acre Tract; THENCE, N 04 deg. 26' 32" E, for a distance of 944.90 feet to a point for corner, on the southerly line of the aforesaid Industrial Canal as shown on COE Location Map (File 308-) dated June, 1978; THENCE in a generally NORTHEASTERLY direction along the southerly line of said Industrial Canal (called 650 feet wide at this point) as shown on COE Location Map (File 308-) dated June, 1978, being a curve to the left having a radius of 2,325.00 feet and a central angle of 36 deg. 00' 55", for an arc distance of 1,461.46 feet to an angle point; THENCE, N 55 deg. 02' 36" E, continuing along the southerly line of said Industrial Canal (variable width), for a distance of 409.21 feet to the POINT OF BEGINNING, of a tract containing 49.55 acres.