SRC-TBR C.S.S.B. 1173 77(R)BILL ANALYSIS


Senate Research CenterC.S.S.B. 1173
77R11405 JRD-DBy: Wentworth
Finance
4/20/2001
Committee Report (Substituted)


DIGEST AND PURPOSE 

The Admiral Nimitz Historical Center in Fredericksburg was established in
1964 and has been a historic site within the State Park System since 1981.
C.S.S.B. 1173 authorizes the issuance of revenue bonds to fund the repair,
improvement and renovation of the museum. 

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 22Q, Parks and Wildlife Code, by adding Section
22.233, as follows: 

Sec. 22.233.  REVENUE BONDS FOR MUSEUM. (a)  Authorizes the Parks and
Wildlife Department (department), by resolution of the Parks and Wildlife
commission (commission), to request the Texas Public Finance Authority
(authority) to issue revenue bonds or other revenue obligations to finance
the repair, renovation, improvement, expansion, and equipping of the Nimitz
museum for one or more projects not to exceed an aggregated estimated cost
of $9 million. 

(b)  Requires the authority, on receipt of a request by the department
under this section, to promptly issue the bonds or other revenue
obligations under and in accordance with Chapter 1232 (Texas Public Finance
Authority), Government Code. 

(c)  Requires the department to deposit the proceeds of revenue bonds or
other revenue obligations issued under this section to the credit of the
Texas parks and wildlife conservation and capital account and authorizes
the use of the proceeds only to finance the repair, renovation,
improvement, expansion, and equipping of the museum. 

(d)  Authorizes the department, notwithstanding any other law, to contract
with the Admiral Nimitz Foundation to oversee the renovation, improvement,
or expansion of the museum. 

(e)  Authorizes the department to accept contributions from the Admiral
Nimitz Foundation and other sources in connection with the repair,
renovation, improvement, expansion, equipping or operation of the museum. 

SECTION 2.  Effective date: upon passage or September 1, 2001.


SUMMARY OF COMMITTEE CHANGES

SECTION 1.  Amends As Filed S.B. 1173 by adding Section 22.233.