By: Brown S.B. No. 1244 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 the disposition of revenues regarding the regulation of 1-2 auctioneers. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 320, Acts of the 64th Legislature, 1-5 Regular Session, 1975 (Article 8700, Vernon's Texas Civil 1-6 Statutes), is amended by adding Section 5 to read as follows: 1-7 Sec. 5. DISPOSITION OF REVENUES. (a) All money collected 1-8 by the department under this Act, except money that is required to 1-9 be deposited in the auctioneer education and recovery fund, shall 1-10 be deposited to the credit of the auctioneers' account in the 1-11 general revenue fund and may be used only to administer this 1-12 chapter. 1-13 (b) The commissioner may allocate not more than 20 percent 1-14 of the money in the auctioneers' account to cover the department's 1-15 administrative costs. 1-16 SECTION 2. This Act takes effect September 1, 1999. 1-17 SECTION 3. The importance of this legislation and the 1-18 crowded condition of the calendars in both houses create an 1-19 emergency and an imperative public necessity that the 1-20 constitutional rule requiring bills to be read on three several 1-21 days in each house be suspended, and this rule is hereby suspended.