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A BILL TO BE ENTITLED
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AN ACT
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relating to the operations of the Cancer Prevention and Research |
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Institute of Texas; authorizing a trust company to charge the |
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institute an investment fee. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 572.003(c), Government Code, is amended |
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to read as follows: |
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(c) The term means a member of: |
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(1) the Public Utility Commission of Texas; |
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(2) the Texas Commission on Environmental Quality; |
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(3) the Texas Alcoholic Beverage Commission; |
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(4) the [The] Finance Commission of Texas; |
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(5) the Texas Facilities Commission; |
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(6) the Texas Board of Criminal Justice; |
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(7) the board of trustees of the Employees Retirement |
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System of Texas; |
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(8) the Texas Transportation Commission; |
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(9) the Texas Department of Insurance; |
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(10) the Parks and Wildlife Commission; |
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(11) the Public Safety Commission; |
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(12) the Texas Ethics Commission; |
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(13) the State Securities Board; |
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(14) the Texas Water Development Board; |
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(15) the governing board of a public senior college or |
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university as defined by Section 61.003, Education Code, or of The |
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University of Texas Southwestern Medical Center, The University of |
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Texas Medical Branch at Galveston, The University of Texas Health |
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Science Center at Houston, The University of Texas Health Science |
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Center at San Antonio, The University of Texas M. D. Anderson Cancer |
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Center, The University of Texas Health Science Center at Tyler, |
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University of North Texas Health Science Center at Fort Worth, |
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Texas Tech University Health Sciences Center, Texas State Technical |
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College--Harlingen, Texas State Technical College--Marshall, Texas |
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State Technical College--Sweetwater, or Texas State Technical |
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College--Waco; |
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(16) the Texas Higher Education Coordinating Board; |
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(17) the Texas Workforce Commission; |
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(18) the board of trustees of the Teacher Retirement |
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System of Texas; |
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(19) the Credit Union Commission; |
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(20) the School Land Board; |
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(21) the board of the Texas Department of Housing and |
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Community Affairs; |
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(22) the Texas Racing Commission; |
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(23) the State Board of Dental Examiners; |
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(24) the Texas Medical Board; |
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(25) the Board of Pardons and Paroles; |
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(26) the Texas State Board of Pharmacy; |
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(27) the Department of Information Resources |
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governing board; |
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(28) the Motor Vehicle Board; |
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(29) the Texas Real Estate Commission; |
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(30) the board of directors of the State Bar of Texas; |
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(31) the Bond Review Board [bond review board]; |
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(32) the Health and Human Services Commission; |
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(33) the Texas Funeral Service Commission; |
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(34) the board of directors of a river authority |
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created under the Texas Constitution or a statute of this state; |
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[or] |
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(35) the Texas Lottery Commission; or |
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(36) the Cancer Prevention and Research Institute of |
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Texas. |
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SECTION 2. Section 102.107, Health and Safety Code, is |
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amended to read as follows: |
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Sec. 102.107. POWERS AND DUTIES. (a) The oversight |
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committee shall: |
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(1) hire a chief executive officer; |
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(2) annually set priorities as prescribed by the |
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legislature for each grant program that receives money under this |
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chapter; and |
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(3) consider the priorities set under Subdivision (2) |
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in awarding grants under this chapter. |
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(b) The oversight committee may conduct a closed meeting in |
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accordance with Subchapter E, Chapter 551, Government Code, to |
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discuss issues related to managing, acquiring, or selling |
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securities or other revenue-sharing obligations realized under the |
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standards established as required by Section 102.256. |
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SECTION 3. Section 102.203(e), Health and Safety Code, is |
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amended to read as follows: |
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(e) Not more than 10 percent of the money appropriated by |
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the legislature for grants in a state fiscal year [awarded under
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this subchapter] may be used for cancer prevention and control |
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programs during that [any] year. |
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SECTION 4. Section 102.256, Health and Safety Code, is |
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amended by adding Subsections (c) and (d) to read as follows: |
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(c) The oversight committee may transfer its management and |
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disposition authority over the state's interest in securities, |
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equities, royalties, income, and other benefits realized as a |
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result of projects undertaken with money awarded under Subchapter E |
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to the Texas Treasury Safekeeping Trust Company. If the oversight |
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committee transfers management and disposition authority under |
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this subsection, the trust company has any power necessary to |
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accomplish the purposes of this section. |
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(d) In managing the assets described by Subsection (c) |
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through procedures and subject to restrictions that the Texas |
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Treasury Safekeeping Trust Company considers appropriate, the |
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trust company may acquire, exchange, sell, supervise, manage, or |
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retain any kind of investment that a prudent investor, exercising |
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reasonable care, skill, and caution, would acquire, exchange, sell, |
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or retain in light of the purposes, terms, distribution |
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requirements, and other circumstances then prevailing pertinent to |
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each investment, including the requirements prescribed by |
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Subsection (b) and the purposes described by Section 102.002. The |
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trust company may charge a fee to recover the reasonable and |
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necessary costs incurred in managing assets under this section. |
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SECTION 5. Section 102.101(f), Health and Safety Code, is |
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repealed. |
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SECTION 6. This Act takes effect September 1, 2017. |