AUTHOR'S / SPONSOR'S STATEMENT OF INTENT
Texas law allows for the creation and sale of specialty license plates to support institutions and causes important to our citizens.
C.S.S.B. 742 seeks to allow the state issuance of license plates benefitting the Texas Medical Center (TMC). The revenue generated by sale of the plates, minus administrative costs, will be deposited to the credit of the Texas Medical Center and its member institutions for furtherance of the valuable services provided to the citizens of Texas.
Texas Medical Center (TMC) is the world’s largest medical complex, comprised of 21 renowned hospitals, 13 support organizations, eight academic and research institutions, six nursing programs, three public health organizations, three medical schools, two universities, two pharmacy schools, and a dental school. Since opening in 1945, TMC has been pioneering patient care, research, education, and prevention.
C.S.S.B. 742 amends current law relating to the issuance of Texas Medical Center specialty license plates.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Subchapter G, Chapter 504, Transportation Code, by adding Section 504.665, as follows:
Sec. 504.665. TEXAS MEDICAL CENTER LICENSE PLATES. (a) Requires the Texas Department of Motor Vehicles (TxDMV) to issue Texas Medical Center (TMC) specialty license plates. Requires TxDMV to design the license plates in consultation with TMC.
(b) Requires that the remainder of the fee for issuance of the license plates, after deduction of TxDMV’s administrative costs, be deposited to the credit of an account created by the comptroller of public accounts of the State of Texas (comptroller) in the manner provided by Section 504.6012(b) (redesignating the deposit of certain fees to a trust fund account created by the comptroller). Requires that money deposited to that account be used only by the comptroller to provide grants to benefit TMC and member institutions of TMC.
SECTION 2. Effective date: September 1, 2015.