Amend CSHB 3452 by adding the following appropriately
numbered SECTIONS and renumbering subsequent SECTIONS
appropriately:
      SECTION ____. Section 481.161, Government Code, is amended to
read as follows:
      Sec. 481.161.  EXPIRATION. This subchapter expires December
31, 2003 <2001>.
      SECTION ____. Section 204.123, Labor Code, is amended to read
as follows:
      Sec. 204.123.  TRANSFER TO SMART JOBS FUND <FUNDS>, SKILLS
DEVELOPMENT FUND, AND COMPENSATION FUND. (a)  If, on September 1 of
a year, the commission determines that the amount in the
compensation fund will exceed 100 percent of its floor as computed
under Section 204.061 on the next October 1 computation date, the
commission shall transfer from the holding fund created under
Section 204.122:
            (1)  50 percent of the amount in the holding fund to
the smart jobs fund created under Section 481.154(a), Government
Code; and
            (2)  50 <30> percent of the amount in the holding fund
to the skills development fund created under Section 303.003<; and>
      <(3)  20 percent of the amount in the holding fund to the
smart jobs rainy day fund created under Section 481.154(d),
Government Code>.
      (b)  If, on September 1 of a year, the commission determines
that the amount in the compensation fund will be at or below 100
percent of its floor as computed under Section 204.061 on the next
October 1 computation date, the commission shall transfer to the
compensation fund as much of the amount in the holding fund as is
necessary to raise the amount in the compensation fund to 100
percent of its floor, up to and including the entire amount in the
holding fund.  The commission shall transfer any remaining balance
in the holding fund to the smart jobs fund and<,> the skills
development fund<, and the smart jobs rainy day fund> in the
percentages prescribed by Subsection (a).
      SECTION ____. Section 204.124, Labor Code, is amended to read
as follows:
      Sec. 204.124.  EXPIRATION. This subchapter expires December
31, 2003 <2001>.