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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of money subject to restrictions under federal |
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law that is credited to the deferred maintenance fund account. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2165.403, Government Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) The use of money credited to the fund by appropriation |
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or transfer from the game, fish, and water safety account, the |
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lifetime license endowment account, or another fund or account in |
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the state treasury the use of which is subject to restrictions under |
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the federal Sport Fish Restoration Act (16 U.S.C. Section 777 et |
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seq.), the federal Wildlife Restoration Act (16 U.S.C. Section 669 |
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et seq.), or other federal law, and the use of money earned as |
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interest or other earnings on the investment of that money credited |
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to the fund, continues to be subject to those federal restrictions |
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and may be used only for a function required to manage this state's |
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fish or wildlife resources in accordance with those federal |
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restrictions. |
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SECTION 2. 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, 2017. |