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A BILL TO BE ENTITLED
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AN ACT
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relating to the Alamo complex account; making an appropriation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.0956, Government Code, is amended to |
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read as follows: |
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Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN |
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DEDICATED REVENUE. Notwithstanding any other law, all interest or |
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other earnings that accrue on all revenue held in an account in the |
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general revenue fund any part of which Section 403.095 makes |
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available for certification under Section 403.121 are available for |
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any general governmental purpose, and the comptroller shall deposit |
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the interest and earnings to the credit of the general revenue |
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fund. This section does not apply to: |
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(1) interest or earnings on revenue deposited in |
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accordance with Section 51.008, Education Code; |
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(2) an account that accrues interest or other earnings |
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on deposits of state or federal money the diversion of which is |
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specifically excluded by federal law; |
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(3) the lifetime license endowment account; |
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(4) the game, fish, and water safety account; |
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(5) the coastal protection account; or |
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(6) [the Alamo complex account; or
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[(7)] the artificial reef account. |
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SECTION 2. Section 31.454(a), Natural Resources Code, is |
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amended to read as follows: |
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(a) The Alamo complex account is created as an account |
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outside the state treasury. The land office shall administer the |
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account [a separate account in the general revenue fund]. |
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SECTION 3. Section 31.454(d), Natural Resources Code, is |
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repealed. |
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SECTION 4. The unencumbered balance of the Alamo complex |
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account in the general revenue fund as that account exists |
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immediately before the effective date of this Act is appropriated |
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to the comptroller of public accounts for the period beginning on |
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the effective date of this Act and ending August 31, 2018, for the |
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purpose of depositing, as soon as practicable, the money to the |
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credit of the Alamo complex account created outside the state |
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treasury by Section 31.454(a), Natural Resources Code, as amended |
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by this Act. |
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SECTION 5. This Act takes effect September 1, 2017. |