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By: Chisum (Senate Sponsor - Janek) |
H.B. No. 3385 |
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(In the Senate - Received from the House May 7, 2007; |
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May 8, 2007, read first time and referred to Committee on Business |
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and Commerce; May 17, 2007, reported adversely, with favorable |
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Committee Substitute by the following vote: Yeas 8, Nays 0; |
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May 17, 2007, sent to printer.) |
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COMMITTEE SUBSTITUTE FOR H.B. No. 3385 |
By: Harris |
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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of certain state money for costs related to the |
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relocation to this state of the Interstate Oil and Gas Compact |
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Commission, for the support of that commission, and for related |
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economic development. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 40.152, Natural Resources Code, is |
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amended by adding Subsection (d) to read as follows: |
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(d) Notwithstanding Section 40.151 and Subsection (a) of |
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this section, if the Interstate Oil and Gas Compact Commission |
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relocates to this state on or before December 31, 2008, money in the |
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fund may be disbursed to pay for costs related to the relocation, |
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for the support of that commission, and for related economic |
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development. The amount of money in the fund that may be disbursed |
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under this subsection in a state fiscal year may not exceed |
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$500,000. Sections 40.153 and 40.161 do not apply to money |
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disbursed under this subsection. This subsection expires August |
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31, 2009. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |
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* * * * * |