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Amend CSSB 2230 (senate committee printing) by striking all below the enacting clause and substituting the following:
SECTION 1. Section 11.141(a)(1), Tax Code, is amended to read as follows:
(1) "Precious metal" means a metal, including gold, silver, platinum, palladium, and rhodium, that:
(A) bears a high value-to-weight ratio relative to common industrial metals; and
(B) customarily is formed into bullion or specie [has the meaning assigned by Section 2116.001, Government Code].
SECTION 2. Chapter 2116, Government Code, is repealed.
SECTION 3. On September 1, 2021:
(1) the Texas Bullion Depository is abolished;
(2) all obligations, rights, contracts, records, real and personal property, funds, appropriations, and money of the Texas Bullion Depository are transferred to the comptroller of public accounts;
(3) the administrator of the Texas Bullion Depository becomes an employee of the comptroller of public accounts;
(4) an employee of the Texas Bullion Depository becomes an employee of the comptroller of public accounts; and
(5) a reference in other law to the Texas Bullion Depository means the comptroller of public accounts.
SECTION 4. This Act takes effect September 1, 2021.