By: Pitts, et al. (Senate Sponsor - Ogden) H.B. No. 275

(In the Senate - Received from the House April 4, 2011; April 4, 2011, read first time and referred to Committee on Finance; May 12, 2011, reported adversely, with favorable Committee Substitute by the following vote: Yeas 12, Nays 0; May 12, 2011, sent to printer.)

COMMITTEE SUBSTITUTE FOR H.B. No. 275 By: Ogden

A BILL TO BE ENTITLED

AN ACT

relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.

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

SECTION 1. (a) The amount of $3,973,557,000 is appropriated from the economic stabilization fund to the comptroller of public accounts for the purpose of depositing that amount to the credit of the general revenue fund as money available for use during the state fiscal year ending August 31, 2011, to make expenditures previously authorized by appropriations from general revenue for the state fiscal biennium ending August 31, 2011.

(b) This section takes effect only if this Act receives a vote of three-fifths of the members present in each house of the legislature, as provided by Section 49-g(k), Article III, Texas Constitution. The appropriation made under this section is subject to certification by the comptroller of public accounts as provided by that subsection.

SECTION 2. This Act takes effect immediately.

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