By: Seliger  S.B. No. 1458
         (In the Senate - Filed March 8, 2007; March 20, 2007, read
  first time and referred to Committee on Natural Resources;
  April 16, 2007, reported favorably by the following vote:  Yeas 10,
  Nays 0; April 16, 2007, sent to printer.)
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to the authority of the governor to contract in relation to
  a clean coal project.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 490.301, Government Code, as added by
  Chapter 1097, Acts of the 79th Legislature, Regular Session, 2005,
  is amended to read as follows:
         Sec. 490.301.  DEFINITION. In this subchapter [section],
  "clean coal project" has the meaning assigned by Section 5.001,
  Water Code.
         SECTION 2.  Subchapter G, Chapter 490, Government Code, as
  added by Chapter 1097, Acts of the 79th Legislature, Regular
  Session, 2005, is amended by adding Section 490.304 to read as
  follows:
         Sec. 490.304.  CONTRACTING AUTHORITY. (a)  The governor may
  contract for the state with an organization exempt from federal
  income taxation under Section 501(a), Internal Revenue Code of
  1986, by being listed as an exempt entity under Section 501(c)(3) of
  that code, including the FutureGen Industrial Alliance,
  Incorporated, for a purpose related to implementing a clean coal
  project, including an innovative energy demonstration program
  described by Section 2305.037.
         (b)  This section expires on the date the FutureGen
  Industrial Alliance, Incorporated, loses its qualification as
  being exempt from federal taxation under Section 501(a), Internal
  Revenue Code of 1986, by being listed as an exempt entity under
  Section 501(c)(3) of that code.
         SECTION 3.  This Act takes effect September 1, 2007.
 
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