This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.

  82R12039 PAM-D
 
  By: Raymond H.J.R. No. 143
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment relating to the 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 RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 6, Article VII, Texas Constitution, is
  amended to read as follows:
         Sec. 6.  (a)  All lands heretofore, or hereafter granted to
  the several counties of this State for educational purposes, are of
  right the property of said counties respectively, to which they
  were granted, and title thereto is vested in said counties, and no
  adverse possession or limitation shall ever be available against
  the title of any county. Each county may sell or dispose of its
  lands in whole or in part, in manner to be provided by the
  Commissioners Court of the county. Said lands, and, except as
  provided by Subsection (b) of this section, the proceeds thereof,
  when sold, shall be held by said counties alone as a trust for the
  benefit of public schools therein; said proceeds to be invested in
  bonds of the United States, the State of Texas, or counties in said
  State, or in such other securities, and under such restrictions as
  may be prescribed by law; and the counties shall be responsible for
  all investments; the interest thereon, and other revenue, except
  the principal shall be available fund.
         (b)  Webb County may:
               (1)  develop or sell the rights to natural resources or
  minerals in lands held in trust by Webb County under this section;
  and
               (2)  enter into an agreement with the school districts
  for which the lands are held in trust that allows Webb County to:
                     (A)  obtain from the proceeds of a disposition
  under Subdivision (1) of this subsection reimbursement of
  reasonable and necessary expenses incurred by Webb County in
  connection with the disposition; and
                     (B)  distribute the proceeds remaining after
  reimbursement under Paragraph (A) of this subdivision to each
  school district for which the lands are held in trust according to
  each school district's scholastic population.
         (c)  For Webb County to obtain reimbursement of reasonable
  and necessary expenses incurred in connection with a disposition
  under Subsection (b)(1) of this section under an agreement as
  provided by Subsection (b)(2)(A) of this section, the agreement
  must be executed by Webb County and the school districts for which
  the lands are held in trust before Webb County incurs the expenses
  in connection with the disposition.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 8, 2011.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment to authorize Webb
  County to obtain proceeds of the county permanent school fund and
  recover from proceeds of the county permanent school fund expenses
  incurred by the county in a transaction to develop or sell the
  rights to natural resources or minerals in county permanent school
  fund property and distribute the proceeds remaining after
  reimbursement to the school districts for which the property is
  held in trust."