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A BILL TO BE ENTITLED
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AN ACT
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relating to the prior approval of an award of money from the Texas |
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Enterprise Fund and the Texas emerging technology fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 481.078(e), Government Code, is amended |
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to read as follows: |
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(e) The administration of the fund is considered to be a |
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trusteed program within the office of the governor. The governor |
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may negotiate on behalf of the state regarding awarding, by grant, |
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money appropriated from the fund. The governor may award money |
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appropriated from the fund only with the [express written] prior |
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approval of the lieutenant governor and speaker of the house of |
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representatives. For purposes of this subsection, an award of |
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money appropriated from the fund is considered approved by the |
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lieutenant governor or speaker of the house of representatives if |
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that officer does not disapprove the proposal to award the grant |
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before the 91st day after the date of receipt of the proposal from |
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the governor. The lieutenant governor or the speaker of the house |
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of representatives may extend the review deadline applicable to |
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that officer for an additional 14 days by submitting a written |
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notice to that effect to the governor before the expiration of the |
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initial review period. |
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SECTION 2. Section 490.101, Government Code, is amended by |
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amending Subsection (f) and adding Subsection (f-1) to read as |
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follows: |
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(f) The administration of the fund is considered to be a |
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trusteed program within the office of the governor. The governor |
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may negotiate on behalf of the state regarding awards from the |
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fund. The governor may award money appropriated from the fund only |
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with the [express written] prior approval of the lieutenant |
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governor and speaker of the house of representatives. |
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(f-1) For purposes of Subsection (f), an award of money |
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appropriated from the fund is considered approved by the lieutenant |
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governor or speaker of the house of representatives if that officer |
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does not disapprove the proposal to award funding before the 91st |
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day after the date of receipt of the proposal from the governor. |
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The lieutenant governor or the speaker of the house of |
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representatives may extend the review deadline applicable to that |
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officer for an additional 14 days by submitting a written notice to |
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that effect to the governor before the expiration of the initial |
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review period. |
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SECTION 3. The changes in law made by this Act apply only to |
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a proposal for an award from the Texas Enterprise Fund or Texas |
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emerging technology fund submitted by the governor to the |
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lieutenant governor or speaker of the house of representatives for |
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prior approval on or after the effective date of this Act. A |
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proposal submitted by the governor for prior approval before the |
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effective date of this Act is governed by the law in effect on the |
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date the proposal was submitted for that approval, and the former |
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law is continued in effect for that purpose. |
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SECTION 4. 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, 2011. |