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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the governor to contract in relation to |
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a clean coal project. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 490.301, Government Code, as added by |
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Chapter 1097, Acts of the 79th Legislature, Regular Session, 2005, |
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is amended to read as follows: |
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Sec. 490.301. DEFINITION. In this subchapter [section], |
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"clean coal project" has the meaning assigned by Section 5.001, |
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Water Code. |
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SECTION 2. Subchapter G, Chapter 490, Government Code, as |
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added by Chapter 1097, Acts of the 79th Legislature, Regular |
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Session, 2005, is amended by adding Section 490.304 to read as |
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follows: |
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Sec. 490.304. CONTRACTING AUTHORITY. (a) The governor may |
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contract for the state with an organization exempt from federal |
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income taxation under Section 501(a), Internal Revenue Code of |
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1986, by being listed as an exempt entity under Section 501(c)(3) of |
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that code, including the FutureGen Industrial Alliance, Inc., for a |
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purpose related to implementing a clean coal project, including an |
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innovative energy demonstration program described by Section |
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2305.037. |
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(b) This section expires on the date the FutureGen |
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Industrial Alliance, Inc., loses its qualification as being exempt |
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from federal taxation under Section 501(a), Internal Revenue Code |
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of 1986, by being listed as an exempt entity under Section 501(c)(3) |
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of that code. |
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SECTION 3. This Act takes effect September 1, 2007. |