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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of certain constitutionally dedicated |
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funds to the Lamar Institute of Technology. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 62.021, Education Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) Notwithstanding Subsection (a), for each year |
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remaining in the 10-year allocation period established under |
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Section 17(d), Article VII, Texas Constitution, that ends in 2015, |
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the comptroller shall distribute to the Lamar Institute of |
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Technology in accordance with the allocation formula described by |
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Subsection (a) a portion of the total annual appropriation under |
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Section 17(a), Article VII, Texas Constitution, otherwise |
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allocated under Subsection (a). The comptroller shall adjust the |
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distributions made to other eligible institutions under the |
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equitable formula as necessary to reflect the inclusion of the |
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Lamar Institute of Technology in the agencies and institutions |
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participating in the allocation of the annual appropriation under |
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Section 17(a), Article VII, Texas Constitution. This subsection |
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expires January 1, 2016. |
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SECTION 2. This Act takes effect January 1, 2010, but only |
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if the constitutional amendment proposed by the 81st Legislature, |
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Regular Session, 2009, to allow the Lamar Institute of Technology |
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to participate in the allocation of certain constitutionally |
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dedicated funds for capital improvements at agencies and |
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institutions of higher education is approved by the voters. If that |
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constitutional amendment is not approved by the voters, this Act |
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does not take effect. |