By: Fraser, Truan S.B. No. 976
Bernsen
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to establishing a permanent fund for veterans care.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Subchapter G, Chapter 403, Government Code, is
1-5 amended by adding Section 403.108 to read as follows:
1-6 Sec. 403.108. PERMANENT FUND FOR VETERANS CARE. (a) The
1-7 permanent fund for veterans care is a special fund in the state
1-8 treasury outside the general revenue fund. The fund is composed
1-9 of:
1-10 (1) money transferred to the fund at the direction of
1-11 the legislature;
1-12 (2) gifts and grants contributed to the fund; and
1-13 (3) the available earnings of the fund determined in
1-14 accordance with Section 403.1068.
1-15 (b) Except as provided by Subsections (c) and (d), money in
1-16 the fund may not be appropriated for any purpose.
1-17 (c) The available earnings of the fund may be appropriated
1-18 to fund, enhance, and improve veterans programs as directed by the
1-19 legislature.
1-20 (d) The comptroller may solicit and accept gifts and grants
1-21 to the fund. A gift or grant to the fund may be appropriated in
1-22 the same manner as the available earnings of the fund, subject to
1-23 any limitation or requirement placed on the gift or grant by the
1-24 donor or granting entity.
1-25 (e) Sections 403.095 and 404.071 do not apply to the fund.
2-1 SECTION 2. Subsection (a), Section 403.1068, Government
2-2 Code, is amended to read as follows:
2-3 (a) This section applies only to management of the permanent
2-4 funds established under Sections 403.105, 403.1055, 403.106,
2-5 403.1065, [and] 403.1066, and 403.108.
2-6 SECTION 3. This Act takes effect September 1, 2001.