By: Watson S.B. No. 542
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the use of money from the Texas emerging technology fund
  for the research and development of clean energy.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter C, Chapter 490, Government Code, is
  amended by adding Section 490.1027 to read as follows:
         Sec. 490.1027.  USE OF MONEY FOR RESEARCH AND DEVELOPMENT OF
  CERTAIN ENERGY-RELATED INITIATIVES.  (a)  The governor, lieutenant
  governor, and speaker of the house of representatives shall ensure
  that all the money distributed from the fund for the state fiscal
  biennium beginning September 1, 2009, and ending August 31, 2011,
  less any amounts awarded for biotechnology, medicine, and life
  sciences during the biennium ending August 31, 2009, and less any
  amounts necessary to administer the fund under Section 490.055,
  will be used as provided by Subchapter D, E, or F for the research
  and development of:
               (1)  low carbon fuels;
               (2)  low carbon electric generation technologies
  including energy efficiency, renewable energy, and electricity
  storage; and
               (3)  carbon emissions mitigation strategies.
         (b)  To the extent of a conflict between this section and
  Section 490.302 or another provision of this chapter, this section
  controls.
         (c)  This section expires January 1, 2012.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2009.