By: Chavez, et al. (Senate Sponsor - Zaffirini) H.B. No. 48
         (In the Senate - Received from the House March 28, 2007;
  April 3, 2007, read first time and referred to Committee on
  Finance; May 17, 2007, reported favorably by the following vote:  
  Yeas 13, Nays 0; May 17, 2007, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to distributions from the employment and training
  investment holding fund.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 204.123(a), Labor Code, is amended to
  read as follows:
         (a)  If, on September 1 of a year, the commission determines
  that the amount in the compensation fund will exceed 100 percent of
  its floor as computed under Section 204.061 on the next October 1
  computation date, the commission shall transfer from the holding
  fund created under Section 204.122:
               (1)  from the first $160 million deposited in the
  holding fund in any state fiscal biennium:
                     (A)  [during the state fiscal biennium ending
  August 31, 2007:
                           [(i)] 67 percent to the Texas Enterprise Fund
  created under Section 481.078, Government Code, except that the
  amount transferred under this paragraph may not exceed the amount
  appropriated by the legislature to the Texas Enterprise Fund in
  that biennium; and
                     (B) [(ii)] 33 percent to the skills development
  fund created under Section 303.003, except that the amount
  transferred under this paragraph may not exceed the amount
  appropriated by the legislature to the skills development program
  strategies and activities in that biennium; and
                     [(B)     during any state fiscal biennium beginning
  on or after September 1, 2007:
                           [(i)     75 percent to the Texas Enterprise
  Fund created under Section 481.078, Government Code, except that
  the amount transferred under this paragraph may not exceed the
  amount appropriated by the legislature to the Texas Enterprise Fund
  in that biennium; and
                           [(ii)     25 percent to the skills development
  fund created under Section 303.003, except that the amount
  transferred under this paragraph may not exceed the amount
  appropriated by the legislature to the skills development program
  strategies and activities in that biennium; and]
               (2)  any remaining amount in the holding fund after the
  distribution under Subdivision (1) to the training stabilization
  fund created under Section 302.101.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2007.
 
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