1-1     By:  Goolsby (Senate Sponsor - Cain)                  H.B. No. 2796
 1-2           (In the Senate - Received from the House April 23, 2001;
 1-3     April 24, 2001, read first time and referred to Committee on
 1-4     Administration; May 4, 2001, reported favorably by the following
 1-5     vote:  Yeas 3, Nays 0; May 4, 2001, sent to printer.)
 1-6                            A BILL TO BE ENTITLED
 1-7                                   AN ACT
 1-8     relating to a trust fund for the purpose of maintaining and
 1-9     preserving the Capitol, the General Land Office Building, their
1-10     contents, and their grounds.
1-11           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-12           SECTION 1. Section 443.0103, Government Code, is reenacted
1-13     and amended to read as follows:
1-14           Sec. 443.0103.  CAPITAL [CAPITOL] RENEWAL TRUST FUND
1-15     [ACCOUNT]. (a)  The capital [Capitol] renewal trust fund is created
1-16     as a trust fund outside the treasury with the comptroller and shall
1-17     be administered by the board, as a trustee on behalf of the people
1-18     of this state, to maintain and preserve the Capitol, the General
1-19     Land Office Building, their contents, and their grounds.  The fund
1-20     [account is a special account in the general revenue fund and]
1-21     consists of money transferred to [appropriated for the purpose of]
1-22     the fund:
1-23                 (1)  at the direction of the legislature; or
1-24                 (2)  in accordance with this section [account].
1-25           (b)  Money in the fund [account] may be used only for the
1-26     purpose of maintaining and preserving the Capitol, the General Land
1-27     Office Building, their contents, and their grounds.
1-28           (c)  The [pro rata portion of] interest received from
1-29     investment of money in the [general revenue] fund shall be credited
1-30     to the fund [account].
1-31           (d)  The board may transfer money from any account of the
1-32     Capitol fund to the capital renewal trust fund, other than money
1-33     that was donated to the board, derived from a security or other
1-34     thing of value donated to the board, or earned as interest or other
1-35     income on a donation to the board, if the board determines that
1-36     after the transfer there will be a sufficient amount of money in
1-37     the applicable account of the Capitol fund to accomplish the
1-38     purposes for which the account was created.  [The account is exempt
1-39     from the application of Sections 403.095 and 404.071.]
1-40           SECTION 2. On August 31, 2001, the comptroller shall transfer
1-41     the unexpended balance of the appropriations to the State
1-42     Preservation Board for the state fiscal biennium ending August 31,
1-43     2001, not to exceed $6.7 million, to the capital renewal trust fund
1-44     established under Section 443.0103, Government Code, as amended by
1-45     this Act.
1-46           SECTION 3. This Act takes effect August 31, 2001.
1-47                                  * * * * *