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Amend CSHB 10 (Senate committee printing) by adding the
following appropriately numbered Section to the bill and
renumbering subsequent Sections of the bill accordingly:
SECTION ____. TRUSTEED PROGRAM WITHIN THE OFFICE OF THE
GOVERNOR: TEXAS ENTERPRISE FUND. (a) In addition to other amounts
appropriated for purposes of the trusteed program within the office
of the governor created by Section 481.078, Government Code (Texas
Enterprise Fund), the amount of $10,000,000 together with any
depository interest retained in the fund is appropriated out of
Appropriated Fund No. 0869 (Other Events Trust Fund) to the
trusteed program within the office of the governor created by
Section 481.078, Government Code, for the remainder of the state
fiscal biennium ending August 31, 2005, for the purpose of awarding
economic development grants described by Subsection (d) of this
section.
(b) The amounts appropriated by this section are for the
purposes of and are subject to the procedures described by Section
481.078, Government Code.
(c) In accordance with Section 481.078(b), Government Code,
the amounts appropriated by Subsection (a) of this section shall be
deposited in the Texas Enterprise Fund, and the amounts deposited
are appropriated out of the Texas Enterprise Fund to the trusteed
program within the office of the governor created by Section
481.078, Government Code, for the periods and for the purposes
described by this section.
(d) The amounts appropriated by this section for the
remainder of the state fiscal biennium ending August 31, 2005,
shall be used at the discretion of the governor in accordance with
Section 481.078, Government Code, to award one or more economic
development grants in relation to certain unique events sponsored
by one or more of the following organizations: (1) the National
Quarter Horse Association; (2) the National Cutting Horse
Association; (3) the American Paint Horse Association; (4) the
Automobile Competition Committee for the United States (ACCUS) that
is affiliated with the Federation Internationale de l'Automobile;
(5) the United States Olympic Committee; (6) the national governing
body of a sport that is recognized by the United States Olympic
Committee; (7) the International Olympic Committee; (8) the Pan
American Sports Organization; (9) the National Football League;
(10) the National Collegiate Athletic Association; (11) the
National Basketball Association; (12) the National Hockey League;
(13) Major League Baseball; (14) the Federation Internationale de
Football Association (FIFA); or (15) the International World Games
Association.
(e) Any unexpended balances of the amounts appropriated by
the other provisions of this section for the remainder of the state
fiscal biennium ending August 31, 2005, are appropriated to the
trusteed program within the office of the governor for purposes of
Section 481.078, Government Code, for the state fiscal biennium
beginning September 1, 2005, for use before the expiration of the
two-year period beginning on the effective date of this Act.