S.B. No. 81
 
 
 
 
AN ACT
  relating to the operations of the Cancer Prevention and Research
  Institute of Texas; authorizing a trust company to charge the
  institute an investment fee.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 572.003(c), Government Code, is amended
  to read as follows:
         (c)  The term means a member of:
               (1)  the Public Utility Commission of Texas;
               (2)  the Texas Commission on Environmental Quality;
               (3)  the Texas Alcoholic Beverage Commission;
               (4)  the [The] Finance Commission of Texas;
               (5)  the Texas Facilities Commission;
               (6)  the Texas Board of Criminal Justice;
               (7)  the board of trustees of the Employees Retirement
  System of Texas;
               (8)  the Texas Transportation Commission;
               (9)  the Texas Department of Insurance;
               (10)  the Parks and Wildlife Commission;
               (11)  the Public Safety Commission;
               (12)  the Texas Ethics Commission;
               (13)  the State Securities Board;
               (14)  the Texas Water Development Board;
               (15)  the governing board of a public senior college or
  university as defined by Section 61.003, Education Code, or of The
  University of Texas Southwestern Medical Center, The University of
  Texas Medical Branch at Galveston, The University of Texas Health
  Science Center at Houston, The University of Texas Health Science
  Center at San Antonio, The University of Texas M. D. Anderson Cancer
  Center, The University of Texas Health Science Center at Tyler,
  University of North Texas Health Science Center at Fort Worth,
  Texas Tech University Health Sciences Center, Texas State Technical
  College--Harlingen, Texas State Technical College--Marshall, Texas
  State Technical College--Sweetwater, or Texas State Technical
  College--Waco;
               (16)  the Texas Higher Education Coordinating Board;
               (17)  the Texas Workforce Commission;
               (18)  the board of trustees of the Teacher Retirement
  System of Texas;
               (19)  the Credit Union Commission;
               (20)  the School Land Board;
               (21)  the board of the Texas Department of Housing and
  Community Affairs;
               (22)  the Texas Racing Commission;
               (23)  the State Board of Dental Examiners;
               (24)  the Texas Medical Board;
               (25)  the Board of Pardons and Paroles;
               (26)  the Texas State Board of Pharmacy;
               (27)  the Department of Information Resources
  governing board;
               (28)  the Motor Vehicle Board;
               (29)  the Texas Real Estate Commission;
               (30)  the board of directors of the State Bar of Texas;
               (31)  the Bond Review Board [bond review board];
               (32)  the Health and Human Services Commission;
               (33)  the Texas Funeral Service Commission;
               (34)  the board of directors of a river authority
  created under the Texas Constitution or a statute of this state;
  [or]
               (35)  the Texas Lottery Commission; or
               (36)  the Cancer Prevention and Research Institute of
  Texas.
         SECTION 2.  Section 102.003, Health and Safety Code, is
  amended to read as follows:
         Sec. 102.003.  SUNSET PROVISION. The Cancer Prevention and
  Research Institute of Texas is subject to Chapter 325, Government
  Code (Texas Sunset Act).  Unless continued in existence as provided
  by that chapter, the institute is abolished and this chapter
  expires September 1, 2023 [2021].
         SECTION 3.  Section 102.107, Health and Safety Code, is
  amended to read as follows:
         Sec. 102.107.  POWERS AND DUTIES. (a)  The oversight
  committee shall:
               (1)  hire a chief executive officer;
               (2)  annually set priorities as prescribed by the
  legislature for each grant program that receives money under this
  chapter; and
               (3)  consider the priorities set under Subdivision (2)
  in awarding grants under this chapter.
         (b)  The oversight committee may conduct a closed meeting in
  accordance with Subchapter E, Chapter 551, Government Code, to
  discuss issues related to managing, acquiring, or selling
  securities or other revenue-sharing obligations realized under the
  standards established as required by Section 102.256.
         SECTION 4.  Section 102.203(e), Health and Safety Code, is
  amended to read as follows:
         (e)  Not more than 10 percent of the money appropriated by
  the legislature for grants in a state fiscal year [awarded under
  this subchapter] may be used for cancer prevention and control
  programs during that [any] year.
         SECTION 5.  Section 102.254, Health and Safety Code, is
  amended to read as follows:
         Sec. 102.254.  PERIOD FOR AWARDS. The oversight committee
  may not award money under Subchapter E [before January 1, 2008, or]
  after August 31, 2022 [2020].
         SECTION 6.  Section 102.256, Health and Safety Code, is
  amended by adding Subsections (c) and (d) to read as follows:
         (c)  The oversight committee may transfer its management and
  disposition authority over the state's interest in securities,
  equities, royalties, income, and other benefits realized as a
  result of projects undertaken with money awarded under Subchapter E
  to the Texas Treasury Safekeeping Trust Company. If the oversight
  committee transfers management and disposition authority under
  this subsection, the trust company has any power necessary to
  accomplish the purposes of this section.
         (d)  In managing the assets described by Subsection (c)
  through procedures and subject to restrictions that the Texas
  Treasury Safekeeping Trust Company considers appropriate, the
  trust company may acquire, exchange, sell, supervise, manage, or
  retain any kind of investment that a prudent investor, exercising
  reasonable care, skill, and caution, would acquire, exchange, sell,
  or retain in light of the purposes, terms, distribution
  requirements, and other circumstances then prevailing pertinent to
  each investment, including the requirements prescribed by
  Subsection (b) and the purposes described by Section 102.002. The
  trust company may charge a fee to recover the reasonable and
  necessary costs incurred in managing assets under this section.
         SECTION 7.  Section 102.101(f), Health and Safety Code, is
  repealed.
         SECTION 8.  This Act takes effect September 1, 2017.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 81 passed the Senate on
  April 19, 2017, by the following vote: Yeas 30, Nays 1; and that
  the Senate concurred in House amendment on May 25, 2017, by the
  following vote: Yeas 29, Nays 2.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 81 passed the House, with
  amendment, on May 20, 2017, by the following vote: Yeas 117,
  Nays 19, one present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor