77R15673 JJT-F By Duncan S.B. No. 736 Substitute the following for S.B. No. 736: By Junell C.S.S.B. No. 736 A BILL TO BE ENTITLED 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 2-1 the agency participated in the pilot project, including unexpended 2-2 fees in a deposit account in the Texas Treasury Safekeeping Trust 2-3 Company, shall be transferred to the state. 2-4 SECTION 3. (a) This Act takes effect September 1, 2001. 2-5 (b) To provide a reasonable period for each project agency 2-6 under Article 8930, Revised Statutes, as amended by this Act, to 2-7 establish itself as self-directed semi-independent after the 2-8 conclusion of fiscal year 2001, each agency is appropriated an 2-9 amount equal to 50 percent of that agency's appropriated amount for 2-10 fiscal year 2001. This appropriation may be spent as the project 2-11 agency directs and shall be repaid to the general revenue fund by 2-12 the agency as funds become available. 2-13 (c) Examination fees collected prior to September 1, 2001, 2-14 for examinations conducted after September 1, 2001, shall be made 2-15 available to the project agency to be spent as the agency directs.