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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of money from the Texas emerging technology fund |
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for the research and development of clean energy. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter C, Chapter 490, Government Code, is |
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amended by adding Section 490.1027 to read as follows: |
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Sec. 490.1027. USE OF MONEY FOR RESEARCH AND DEVELOPMENT OF |
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CERTAIN ENERGY-RELATED INITIATIVES. (a) The governor, lieutenant |
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governor, and speaker of the house of representatives shall ensure |
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that all the money distributed from the fund for the state fiscal |
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biennium beginning September 1, 2009, and ending August 31, 2011, |
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less any amounts awarded for biotechnology, medicine, and life |
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sciences during the biennium ending August 31, 2009, and less any |
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amounts necessary to administer the fund under Section 490.055, |
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will be used as provided by Subchapter D, E, or F for the research |
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and development of: |
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(1) low carbon fuels; |
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(2) low carbon electric generation technologies |
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including energy efficiency, renewable energy, and electricity |
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storage; and |
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(3) carbon emissions mitigation strategies. |
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(b) To the extent of a conflict between this section and |
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Section 490.302 or another provision of this chapter, this section |
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controls. |
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(c) This section expires January 1, 2012. |
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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, 2009. |