By Olivo                                              H.B. No. 2359
         76R7280 ESH-F                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the investment capital fund administered by the Texas
 1-3     Education Agency.
 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1.  Sections 7.024(b) and (d), Education Code, are
 1-6     amended to read as follows:
 1-7           (b)  The commissioner may:
 1-8                 (1)  make grants from the fund to eligible schools; and
 1-9                 (2)  adopt necessary rules to effectively administer
1-10     the fund.
1-11           (d)  A grant from the fund shall be made directly to the
1-12     school and may be used for the training and development of school
1-13     staff, parents, and community leaders in order that they understand
1-14     and implement the academic standards and practices necessary for
1-15     high academic achievement, appropriate strategies to deregulate and
1-16     restructure the school in order to improve student achievement, and
1-17     effective strategies to organize parents and community leaders into
1-18     a large, nonpartisan constituency that will hold the school and the
1-19     school district accountable for achieving high academic standards.
1-20     The [Not more than 25 percent of the] grant may be used to
1-21     implement strategies developed by the partners that are designed to
1-22     enrich or extend student learning experiences outside of the
1-23     regular school day.
1-24           SECTION 2.  This Act takes effect September 1, 1999.
 2-1           SECTION 3.  The importance of this legislation and the
 2-2     crowded condition of the calendars in both houses create an
 2-3     emergency and an imperative public necessity that the
 2-4     constitutional rule requiring bills to be read on three several
 2-5     days in each house be suspended, and this rule is hereby suspended.