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A BILL TO BE ENTITLED
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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, including [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) vehicles considered capital purchases |
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under commission rule; |
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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. No expenditure [expenditures] |
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shall be made from the principal of the lifetime license endowment |
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account if that expenditure would lower the unencumbered balance of |
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the principal of the account below $20 million [except as provided
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by law]. |
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SECTION 3. This Act takes effect September 1, 2017. |