1-1 AN ACT
1-2 relating to the operation of the self-directed semi-independent
1-3 agency pilot project; making an appropriation.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 14, Article 8930, Revised Statutes, is
1-6 amended to read as follows:
1-7 Sec. 14. FEES AND DISPOSITION OF FUNDS. (a) Subject to the
1-8 limitations, if any, in the applicable enabling legislation, each
1-9 project agency may set the amount of fees by statute or rule as
1-10 necessary for the purpose of carrying out the functions of the
1-11 project agency.
1-12 (b) All fees and funds collected by a project agency during
1-13 the pilot project and any funds appropriated to the project agency
1-14 shall be deposited in interest-bearing deposit accounts in the
1-15 Texas Treasury Safekeeping Trust Company. The comptroller shall
1-16 contract with the project agency for the maintenance of the deposit
1-17 accounts under terms comparable to a contract between a commercial
1-18 banking institution and its customers.
1-19 SECTION 2. Subsection (b), Section 15, Article 8930, Revised
1-20 Statutes, is amended to read as follows:
1-21 (b) If a state agency no longer has status under this Act as
1-22 a self-directed semi-independent project agency either because of
1-23 the expiration of this Act or for any other reason, ownership of
1-24 any property or other asset acquired by the agency during the time
1-25 the agency participated in the pilot project, including unexpended
2-1 fees in a deposit account in the Texas Treasury Safekeeping Trust
2-2 Company, shall be transferred to the state.
2-3 SECTION 3. (a) This Act takes effect September 1, 2001.
2-4 (b) To provide a reasonable period for each project agency
2-5 under Article 8930, Revised Statutes, as amended by this Act, to
2-6 establish itself as self-directed semi-independent after the
2-7 conclusion of fiscal year 2001, each agency is appropriated an
2-8 amount equal to 50 percent of that agency's appropriated amount for
2-9 fiscal year 2001. This appropriation may be spent as the project
2-10 agency directs and shall be repaid to the general revenue fund by
2-11 the agency as funds become available.
2-12 (c) Examination fees collected prior to September 1, 2001,
2-13 for examinations conducted after September 1, 2001, shall be made
2-14 available to the project agency to be spent as the agency directs.
S.B. No. 736
_______________________________ _______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 736 passed the Senate on
April 5, 2001, by the following vote: Yeas 30, Nays 0, one present
not voting; and that the Senate concurred in House amendment on
May 26, 2001, by a viva-voce vote; passed subject to the provisions
of Section 49a, Article III, Texas Constitution.
_______________________________
Secretary of the Senate
I hereby certify that S.B. No. 736 passed the House, with
amendment, on May 23, 2001, by a non-record vote; passed subject to
the provisions of Section 49a, Article III, Texas Constitution.
_______________________________
Chief Clerk of the House
Approved:
_______________________________
Date
I, Carole Keeton Rylander,
Comptroller of Public Accounts,
_______________________________ do hereby certify that the
Governor amounts appropriated in the
herein S.B. No. 736, Regular
Session, 77th Legislature,
are within the amount estimated
to be available in the affected
fund.
Certified ______________, 2001.
_______________________________
Comptroller of Public Accounts