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A BILL TO BE ENTITLED
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AN ACT
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relating to dedicating money in the system benefit fund to certain |
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purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 39.903(a), Utilities Code, is amended to |
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read as follows: |
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(a) The system benefit fund is an account in the general |
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revenue fund. Money in the account may be appropriated only for the |
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purposes provided by this section [or other law]. Interest earned |
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on the system benefit fund shall be credited to the fund. Section |
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403.095, Government Code, does not apply to the system benefit |
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fund. |
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SECTION 2. The system benefit fund described by Section |
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39.903, Utilities Code, as amended by this Act, is re-created as a |
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separate account in the general revenue fund, and money in the |
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account is rededicated for the purposes described by that section. |
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SECTION 3. This Act takes effect September 1, 2007. |