1-1 By: Goolsby (Senate Sponsor - Cain) H.B. No. 2439 1-2 (In the Senate - Received from the House April 30, 2001; 1-3 May 1, 2001, read first time and referred to Committee on 1-4 Administration; May 8, 2001, reported favorably by the following 1-5 vote: Yeas 3, Nays 0; May 8, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to uses of balances in the inaugural fund. 1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-10 SECTION 1. Subchapter A, Chapter 401, Government Code, is 1-11 amended by adding Section 401.011 to read as follows: 1-12 Sec. 401.011. INAUGURAL ENDOWMENT FUND. (a) To the extent 1-13 that the balance of the inaugural fund exceeds $100,000 plus the 1-14 amount necessary to cover fund obligations, on the date the 1-15 inaugural committee appointed for an inauguration is dissolved that 1-16 balance shall be transferred to an account in the general revenue 1-17 fund to be known as the inaugural endowment fund. The fund shall 1-18 be administered and expended in accordance with this section. 1-19 (b) The fund may be expended for decorating, furnishing, 1-20 preserving, or improving the Capitol, the Governor's Mansion, or 1-21 other state property of historical significance or for grants in 1-22 support of public schools or public libraries at the discretion of 1-23 the inaugural endowment fund committee. 1-24 (c) The inaugural endowment fund committee is composed of 1-25 the chair of the Texas Historical Commission, a person appointed by 1-26 the governor, a person appointed by the lieutenant governor, and a 1-27 person appointed by the speaker of the house of representatives. 1-28 Notwithstanding other law, the spouse of the governor, of a member 1-29 of the legislature, or of another state officer may be appointed to 1-30 the committee. The governor shall designate the chair of the 1-31 committee from among the members. 1-32 (d) Appointed members of the committee serve for terms of 1-33 two years, expiring on the third Tuesday in January in odd-numbered 1-34 years. Committee members serve without compensation or 1-35 reimbursement for travel or personal expenses incurred in carrying 1-36 out committee duties, except that the service of the chair of the 1-37 Texas Historical Commission is considered an additional duty of 1-38 that office and expenses for that person shall be reimbursed by the 1-39 commission to the same extent as for performance of other 1-40 commission duties. 1-41 (e) Operations of the committee may not be conducted at 1-42 state expense, and committee functions may not be carried out 1-43 through the use of state personnel or equipment. 1-44 (f) Not later than October 1 of each year, the committee 1-45 shall file a report with the secretary of state detailing 1-46 expenditures made during the 12 months ending on the August 31 1-47 preceding the report. The secretary of state shall publish the 1-48 report in the Texas Register. 1-49 (g) The committee is a governmental body for purposes of 1-50 Chapters 551 and 552 but is not subject to Chapter 2001. 1-51 (h) Section 403.095 does not apply to the inaugural 1-52 endowment fund. 1-53 SECTION 2. (a) This Act takes effect February 1, 2003. 1-54 (b) The governor, lieutenant governor, and speaker of the 1-55 house of representatives shall make the initial appointments to the 1-56 inaugural endowment fund committee not later than March 1, 2003. 1-57 * * * * *