By: Raymond (Senate Sponsor - Zaffirini) H.B. No. 4540

(In the Senate - Received from the House April 16, 2009; April 27, 2009, read first time and referred to Committee on Intergovernmental Relations; May 18, 2009, reported favorably by the following vote: Yeas 5, Nays 0; May 18, 2009, sent to printer.)

A BILL TO BE ENTITLED

AN ACT

relating to disposition of proceeds from the development or sale of the rights to natural resources or minerals in land held by Webb County for the county permanent school fund.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter E, Chapter 45, Education Code, is amended by adding Section 45.114 to read as follows:

Sec. 45.114. DEVELOPMENT OR SALE OF RIGHTS TO NATURAL RESOURCES OR MINERALS IN LAND HELD FOR COUNTY PERMANENT SCHOOL FUND BY WEBB COUNTY. Notwithstanding former Subchapter E, Chapter 17, as that subchapter existed on May 1, 1995, the Commissioners Court of Webb County may:

(1) develop or sell the rights to natural resources or minerals in lands held in trust by Webb County under Section 6, Article VII, Texas Constitution; and

(2) enter into an agreement described by Section 6(b)(2), Article VII, Texas Constitution.

SECTION 2. This Act takes effect December 1, 2009, but only if the constitutional amendment proposed by H.J.R. No. 142, 81st Legislature, Regular Session, 2009, is approved by the voters. If that amendment is not approved, this Act has no effect.

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