SRC-TBR S.B. 976 77(R)   BILL ANALYSIS


Senate Research Center   S.B. 976
77R8211 JRD-DBy: Fraser
Finance
3/22/2001
As Filed


DIGEST AND PURPOSE 

Currently, there is no permanent fund for veterans' care in Texas.  As
proposed, S.B. 976 would establish the permanent fund for veterans' care. 

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a
state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1.  Amends Chapter 403G, Government Code, by adding Section
403.108, as follows: 

Sec. 403.108.  PERMANENT FUND FOR VETERANS' CARE. (a)  Provides that the
permanent fund for veterans' care is a special fund in the state treasury
outside the general revenue fund, and is composed of a certain monies and
gifts. 

(b)  Prohibits money, except as provided by Subsections (c) and (d), in the
fund from being appropriated for any purpose. 

(c)  Provides that the available earnings of the fund can be appropriated
to fund, enhance, and improve veterans' programs as directed by the
legislature. 

(d)  Authorizes the comptroller to solicit and accept gifts and grants to
the fund. Authorizes a gift or grant to the fund to be appropriated in the
same manner as the available earnings of the fund, subject to any
limitation or requirement placed on the gift or grant by the donor or
granting entity. 

  (e)  Provides that Sections 403.095 and 404.071 do not apply to the fund.

SECTION 2.  Amends Section 403.1068(a), Government Code, to provide that
this section applies only to management of the permanent funds established
under several sections including Section 403.108. 

SECTION 3.  Effective date: September 1, 2001.