Bill Text: TX SB620 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to the issuance of commemorative coins by a vendor designated as the official state mint.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-02-23 - Referred to Business & Commerce [SB620 Detail]
Download: Texas-2015-SB620-Introduced.html
84R6644 AAF-D | ||
By: Burton | S.B. No. 620 |
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relating to the issuance of commemorative coins by a vendor | ||
designated as the official state mint. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 403, Government Code, is amended by | ||
adding Subchapter R to read as follows: | ||
SUBCHAPTER R. STATE MINT | ||
Sec. 403.501. STATE MINT FOR COMMEMORATIVE COINS. (a) The | ||
comptroller shall contract with a private vendor to manufacture and | ||
sell commemorative coins. The vendor with which the comptroller | ||
contracts is designated the official state mint. | ||
(b) The commemorative coins issued under this section must | ||
include an image of a president of the Republic of Texas. | ||
(c) Revenue received under this section shall be deposited | ||
in the general revenue fund. | ||
Sec. 403.502. ADVISORY COMMITTEE ON STATE MINT. The | ||
comptroller shall appoint an advisory committee to determine the | ||
design of the commemorative coins. The advisory committee shall | ||
solicit proposed designs with an image of a president of the | ||
Republic of Texas and determine the most appropriate design for the | ||
commemorative coins. | ||
Sec. 403.503. ANNUAL REPORT. Not later than December 1 of | ||
each year, the comptroller shall report on the status and any | ||
revenue received from the sale of the commemorative coins. The | ||
comptroller shall publish the report on the comptroller's Internet | ||
website. | ||
SECTION 2. (a) Not later than August 31, 2016, the | ||
comptroller shall solicit bids and proposals and award a contract | ||
for the manufacture and sale of the commemorative coins as provided | ||
by Section 403.501, Government Code, as added by this Act. | ||
(b) Not later than December 1, 2017, the comptroller shall | ||
publish the first report under Section 403.503, Government Code, as | ||
added by this Act. | ||
SECTION 3. This Act takes effect September 1, 2015. |