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A BILL TO BE ENTITLED
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AN ACT
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relating to the issuance of commemorative coins by a vendor |
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designated as the official state mint. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 403, Government Code, is amended by |
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adding Subchapter R to read as follows: |
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SUBCHAPTER R. STATE MINT |
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Sec. 403.501. STATE MINT FOR COMMEMORATIVE COINS. (a) The |
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comptroller shall contract with a private vendor to manufacture and |
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sell commemorative coins. The vendor with which the comptroller |
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contracts is designated the official state mint. |
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(b) The commemorative coins issued under this section must |
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include an image of a president of the Republic of Texas. |
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(c) Revenue received under this section shall be deposited |
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in the general revenue fund. |
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Sec. 403.502. ADVISORY COMMITTEE ON STATE MINT. The |
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comptroller shall appoint an advisory committee to determine the |
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design of the commemorative coins. The advisory committee shall |
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solicit proposed designs with an image of a president of the |
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Republic of Texas and determine the most appropriate design for the |
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commemorative coins. |
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Sec. 403.503. ANNUAL REPORT. Not later than December 1 of |
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each year, the comptroller shall report on the status and any |
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revenue received from the sale of the commemorative coins. The |
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comptroller shall publish the report on the comptroller's Internet |
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website. |
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SECTION 2. (a) Not later than August 31, 2016, the |
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comptroller shall solicit bids and proposals and award a contract |
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for the manufacture and sale of the commemorative coins as provided |
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by Section 403.501, Government Code, as added by this Act. |
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(b) Not later than December 1, 2017, the comptroller shall |
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publish the first report under Section 403.503, Government Code, as |
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added by this Act. |
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SECTION 3. This Act takes effect September 1, 2015. |