By: Wentworth S.B. No. 1173 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to authorizing the issuance of not more than $9 million in 1-3 revenue bonds for the benefit of the Fleet Admiral Chester W. 1-4 Nimitz Memorial Naval Museum. 1-5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-6 SECTION 1. Subchapter Q, Chapter 22, Parks and Wildlife 1-7 Code, is amended by adding Section 22.233 to read as follows: 1-8 Sec. 22.233. REVENUE BONDS FOR MUSEUM. (a) The department, 1-9 by resolution of the commission, may request the Texas Public 1-10 Finance Authority to issue revenue bonds or other revenue 1-11 obligations to finance the repair, renovation, improvement, 1-12 expansion, and equipping of the Nimitz museum for one or more 1-13 projects not to exceed an aggregated estimated cost of $9 million. 1-14 (b) On receipt of a request by the department under this 1-15 section, the Texas Public Finance Authority shall promptly issue 1-16 the bonds or other revenue obligations under and in accordance with 1-17 Chapter 1232, Government Code. 1-18 (c) The department shall deposit the proceeds of revenue 1-19 bonds or other revenue obligations issued under this section to the 1-20 credit of the Texas parks and wildlife conservation and capital 1-21 account and may use the proceeds only to finance the repair, 1-22 renovation, improvement, expansion, and equipping of the museum. 1-23 (d) Notwithstanding any other law, the department may 1-24 contract with the Admiral Nimitz Foundation to oversee the 1-25 renovation, improvement, or expansion of the museum. 2-1 (e) The department may accept contributions from the Admiral 2-2 Nimitz Foundation and other sources in connection with the repair, 2-3 renovation, improvement, expansion, equipping, or operation of the 2-4 museum. 2-5 SECTION 2. This Act takes effect immediately if it receives 2-6 a vote of two-thirds of all the members elected to each house, as 2-7 provided by Section 39, Article III, Texas Constitution. If this 2-8 Act does not receive the vote necessary for immediate effect, this 2-9 Act takes effect September 1, 2001. 2-10 COMMITTEE AMENDMENT NO. 1 2-11 Amend SB 1173 as follows: 2-12 On page 1, line 24, strike "to oversee" and add "for". 2-13 Pitts