1-1 By: Fraser S.B. No. 976
1-2 (In the Senate - Filed February 27, 2001; March 1, 2001, read
1-3 first time and referred to Committee on Finance; April 2, 2001,
1-4 reported favorably by the following vote: Yeas 11, Nays 0;
1-5 April 2, 2001, sent to printer.)
1-6 A BILL TO BE ENTITLED
1-7 AN ACT
1-8 relating to establishing a permanent fund for veterans care.
1-9 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-10 SECTION 1. Subchapter G, Chapter 403, Government Code, is
1-11 amended by adding Section 403.108 to read as follows:
1-12 Sec. 403.108. PERMANENT FUND FOR VETERANS CARE. (a) The
1-13 permanent fund for veterans care is a special fund in the state
1-14 treasury outside the general revenue fund. The fund is composed
1-15 of:
1-16 (1) money transferred to the fund at the direction of
1-17 the legislature;
1-18 (2) gifts and grants contributed to the fund; and
1-19 (3) the available earnings of the fund determined in
1-20 accordance with Section 403.1068.
1-21 (b) Except as provided by Subsections (c) and (d), money in
1-22 the fund may not be appropriated for any purpose.
1-23 (c) The available earnings of the fund may be appropriated
1-24 to fund, enhance, and improve veterans programs as directed by the
1-25 legislature.
1-26 (d) The comptroller may solicit and accept gifts and grants
1-27 to the fund. A gift or grant to the fund may be appropriated in
1-28 the same manner as the available earnings of the fund, subject to
1-29 any limitation or requirement placed on the gift or grant by the
1-30 donor or granting entity.
1-31 (e) Sections 403.095 and 404.071 do not apply to the fund.
1-32 SECTION 2. Subsection (a), Section 403.1068, Government
1-33 Code, is amended to read as follows:
1-34 (a) This section applies only to management of the permanent
1-35 funds established under Sections 403.105, 403.1055, 403.106,
1-36 403.1065, [and] 403.1066, and 403.108.
1-37 SECTION 3. This Act takes effect September 1, 2001.
1-38 * * * * *