By Cain                                               S.B. No. 1623
         77R7592 MTB-D                           
                                A BILL TO BE ENTITLED
 1-1                                   AN ACT
 1-2     relating to the sale of Woodlawn by the State Preservation Board.
 1-3           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 443.025, Government Code, is amended by
 1-5     adding Subsection (c) to read as follows:
 1-6           (c)  The board may sell Woodlawn at its fair market value.
 1-7     The General Land Office shall transact the sale on behalf of the
 1-8     board using procedures under Section 31.158(c), Natural Resources
 1-9     Code.  Proceeds from the transaction:
1-10                 (1)  shall be deposited in the Capitol renewal account
1-11     or its successor in function under Section 443.0103; and
1-12                 (2)  may be spent only for a purpose described by
1-13     Section 443.0103.
1-14           SECTION 2.  This Act takes effect immediately if it receives
1-15     a vote of two-thirds of all the members elected to each house, as
1-16     provided by Section 39, Article III, Texas Constitution.  If this
1-17     Act does not receive the vote necessary for immediate effect, this
1-18     Act takes effect September 1, 2001.