Bill Text: TX HB3781 | 2017-2018 | 85th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the uses of the lifetime license endowment account by the Parks and Wildlife Department.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-06-12 - Effective on 9/1/17 [HB3781 Detail]
Download: Texas-2017-HB3781-Comm_Sub.html
Bill Title: Relating to the uses of the lifetime license endowment account by the Parks and Wildlife Department.
Spectrum: Bipartisan Bill
Status: (Passed) 2017-06-12 - Effective on 9/1/17 [HB3781 Detail]
Download: Texas-2017-HB3781-Comm_Sub.html
85R22114 SLB-F | |||
By: Phelan | H.B. No. 3781 | ||
Substitute the following for H.B. No. 3781: | |||
By: Bonnen of Brazoria | C.S.H.B. No. 3781 |
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relating to the uses of the lifetime license endowment account by | ||
the Parks and Wildlife Department. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.063, Parks and Wildlife Code, is | ||
amended to read as follows: | ||
Sec. 11.063. USES OF ACCOUNT. To the extent allowed by | ||
federal law, money in the lifetime license endowment fund and | ||
interest [ |
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account may be used only for the purpose of managing the fish and | ||
wildlife resources of this state, as follows [ |
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(1) acquiring [ |
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areas; [ |
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(2) developing, managing, and repairing [ |
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(3) making capital expenditures related to fisheries | ||
and wildlife resources, including: | ||
(A) land acquisition; | ||
(B) construction; and | ||
(C) the purchase of: | ||
(i) transportation items; | ||
(ii) equipment; and | ||
(iii) information technology resources. | ||
SECTION 2. Section 11.064, Parks and Wildlife Code, is | ||
amended to read as follows: | ||
Sec. 11.064. RESTRICTIONS. (a) No expenditure | ||
[ |
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license endowment account if that expenditure would lower the | ||
unencumbered balance of the principal of the account below $20 | ||
million [ |
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(b) The interest earnings on and principal in the lifetime | ||
license endowment account may not be used to pay salaries or | ||
employee benefits. | ||
(c) The interest earnings on the lifetime license endowment | ||
account may be used for any purpose described by Section 11.063. | ||
(d) The principal in the lifetime license endowment account | ||
may be used only for the purpose described by Section 11.063(3). | ||
SECTION 3. This Act takes effect September 1, 2017. |