Bill Text: TX SB453 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to dedicating money in the system benefit fund to certain purposes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-02-14 - Referred to Finance [SB453 Detail]

Download: Texas-2011-SB453-Introduced.html

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82R543 JJT-D
By: Ellis S.B. No. 453

A BILL TO BE ENTITLED
AN ACT
relating to dedicating money in the system benefit fund to certain
purposes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 39.903(a), Utilities Code, is amended to
read as follows:
(a) The system benefit fund is an account in the general
revenue fund. Money in the account may be appropriated only for the
purposes provided by this section [or other law]. Interest earned
on the system benefit fund shall be credited to the fund. Section
403.095, Government Code, does not apply to the system benefit
fund.
SECTION 2. The system benefit fund described by Section
39.903, Utilities Code, as amended by this Act, is re-created as a
separate account in the general revenue fund, and money in the
account is rededicated for the purposes described by that section.
SECTION 3. This Act takes effect September 1, 2011.