By:  Ratliff                                                      S.B. No. 1951


A BILL TO BE ENTITLED

AN ACT

relating to the sale of certain land dedicated to the permanent 
school fund.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  (a)  On or before January 1, 2004, the School 
Land Board shall approve a patent to release all of the state's 
interest in the land described by Subsection (b) of this section, 
excluding mineral rights, to a person holding the land under a 
contract for deed with the Veterans' Land Board on January 1, 1964, 
or an heir or assign of that person, in exchange for consideration 
in an amount determined by the School Land Board in consultation 
with the Veterans' Land Board.
	(b)  This section applies to the tract of land described as 
follows:         

that 35.686 acre tract in that certain Judgement under cause No. 
75-49, The Veterans Land Board of the State of Texas vs. Alice 
Christian, in the 4th Judicial District Court of Rusk County, Texas 
and in that certain judgement in Cause No. 55, 765, State vs. Humble 
Oil, et al in the 98th District Court of Travis County, Texas; Said 
117.436 acre tract is also further described in that Contract of 
Sale to said GRANTEE(s) dated October 14, 1963, recorded in Volume 
782, Page 46, Deed Records of said County, Texas.
	(c)  The School Land Board, in determining the appropriate 
price for the sale of land describing herein, shall consider the 
title dispute and the history of the prior transactions.
	(d)  This section expires January 1, 2006.                                     
	SECTION 2.  This Act takes effect on the date on which the 
constitutional amendment proposed by the 78th Legislature, Regular 
Session, 2003, to permit the legislature to require the sale of 
certain land dedicated to the permanent school fund takes effect.  
If that amendment is not approved by the voters, this Act has no 
effect.