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AN ACT
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relating to the uses of the lifetime license endowment account by |
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the Parks and Wildlife Department. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 11.063, Parks and Wildlife Code, is |
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amended to read as follows: |
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Sec. 11.063. USES OF ACCOUNT. To the extent allowed by |
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federal law, money in the lifetime license endowment fund and |
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interest [Interest] earned on the lifetime license endowment |
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account may be used only for the purpose of managing the fish and |
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wildlife resources of this state, as follows [to]: |
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(1) acquiring [acquire] public hunting and fishing |
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areas; [and] |
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(2) developing, managing, and repairing [develop,
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manage, and repair] public hunting and fishing areas; and |
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(3) making capital expenditures related to fisheries |
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and wildlife resources, including: |
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(A) land acquisition; |
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(B) construction; and |
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(C) the purchase of: |
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(i) transportation items; |
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(ii) equipment; and |
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(iii) information technology resources. |
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SECTION 2. Section 11.064, Parks and Wildlife Code, is |
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amended to read as follows: |
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Sec. 11.064. RESTRICTIONS. (a) No expenditure |
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[expenditures] shall be made from the principal of the lifetime |
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license endowment account if that expenditure would lower the |
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unencumbered balance of the principal of the account below $20 |
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million [except as provided by law]. |
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(b) The interest earnings on and principal in the lifetime |
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license endowment account may not be used to pay salaries or |
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employee benefits. |
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(c) The interest earnings on the lifetime license endowment |
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account may be used for any purpose described by Section 11.063. |
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(d) The principal in the lifetime license endowment account |
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may be used only for the purpose described by Section 11.063(3). |
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SECTION 3. This Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 3781 was passed by the House on May 6, |
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2017, by the following vote: Yeas 138, Nays 2, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 3781 was passed by the Senate on May |
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24, 2017, by the following vote: Yeas 30, Nays 1. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |