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A BILL TO BE ENTITLED
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AN ACT
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relating to the permissible uses of money attributable to the |
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historic infrastructure sustainability trust fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 442.0151(b), (f), and (h), Government |
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Code, are amended to read as follows: |
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(b) The historic infrastructure sustainability trust fund |
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is created as a trust fund outside the treasury held by the trust |
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company and administered by the comptroller as trustee on behalf of |
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the people of this state to generate earnings on money in the fund |
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for the purpose of maintaining, preserving, rehabilitating, |
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improving, and restoring historic sites throughout the state. |
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(f) The commission annually may request a distribution from |
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the fund in an amount that may not exceed the amount the trust |
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company determines is available for distribution in the applicable |
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year under Subsection (d). Money distributed from the fund to the |
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commission may be used only for the purpose of maintaining, |
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preserving, rehabilitating, improving, and restoring state |
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historic sites under the control of the commission and for the |
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historic courthouse preservation program under Section 442.0081. |
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The commission shall allocate at least one-third of each annual |
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distribution from the fund under this subsection for the historic |
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courthouse preservation program. The commission may not use money |
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received from an annual distribution under this subsection to pay |
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salaries, employee benefits, costs associated with employee |
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benefits, or administration, operating, or program costs of the |
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commission. |
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(h) The commission may receive an additional distribution |
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from the fund under Subsection (g) only after the commission |
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certifies to the Legislative Budget Board that: |
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(1) the commission has reviewed and approved the use |
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of the money; |
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(2) all purchases made with the money will conform to |
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any applicable provision of law governing state procurement and |
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contracting; and |
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(3) the money will not be used to: |
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(A) pay salaries, employee benefits, costs |
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associated with employee benefits, or administration, operating, |
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or program costs of the commission or the state historic sites under |
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the control of the commission; |
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(B) acquire new historic sites [or real |
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property]; or |
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(C) purchase capital equipment that is not |
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related to the rehabilitation or restoration of a historic site |
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under the control of the commission or the historic courthouse |
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preservation program under Section 442.0081. |
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SECTION 2. The change in law made by this Act applies only |
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to a distribution from the historic infrastructure sustainability |
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trust fund requested by the Texas Historical Commission on or after |
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the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2025. |