By: Staples S.B. No. 322
A BILL TO BE ENTITLED
AN ACT
relating to proceeds from the sale of certain state personal and
real property.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2175.134, Government Code, is amended by
adding Subsection (b) and amending Subsection (c) to read as
follows:
(b) Proceeds from the sale of surplus or salvage property
originally purchased with money from the state highway fund shall
be deposited to the credit of the state highway fund. The portion
of sale proceeds equal to the cost of advertising the sale and the
cost of selling the surplus or salvage property, including the cost
of auctioneer services, shall be deposited to the credit of the
general revenue fund if the costs were not paid from the state
highway fund. The fee collected under Section 2175.131 shall be
deposited to the credit of the general revenue fund.
(c) Proceeds from the sale of surplus and salvage property
of the State Aircraft Pooling Board shall be deposited to the credit
of the state highway fund [board].
SECTION 2. Section 2175.191, Government Code, is amended by
adding Subsection (b) and amending Subsection (c) to read as
follows:
(b) Proceeds from the sale of surplus or salvage property
originally purchased with money from the state highway fund shall
be deposited to the credit of the state highway fund. The portion
of sale proceeds equal to the cost of advertising the sale and the
cost of selling the surplus or salvage property, including the cost
of auctioneer services, shall be deposited to the credit of the
general revenue fund if the costs were not paid from the state
highway fund. The fee collected under Section 2175.188 shall be
deposited to the credit of the general revenue fund.
(c) Proceeds from the sale of surplus and salvage property
of the State Aircraft Pooling Board shall be deposited to the credit
of the state highway fund [board].
SECTION 3. Subsection (c), Section 31.1573, Natural
Resources Code, is amended to read as follows:
(c) Unless otherwise dedicated by the Texas Constitution,
the proceeds of the transaction shall be deposited:
(1) to the credit of the Texas capital trust fund,
except as provided by Subdivision (2) or (3) [if the agency is
eligible under Chapter 2201, Government Code, to participate in
that fund];
(2) in the state treasury to the credit of the state
highway fund, if the real property was originally purchased in
whole or in part with money from the state highway fund [affected
agency if the agency is not eligible under Chapter 2201, Government
Code, to participate in the Texas capital trust fund]; or
(3) notwithstanding Subdivisions (1) and (2), as
otherwise directed under the procedures of Chapter 317, Government
Code.
SECTION 4. This Act takes effect September 1, 2007.