81R10657 KEL-D
By: Williams S.B. No. 2045
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of certain constitutionally dedicated
funds to the Lamar Institute of Technology.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 62.021, Education Code, is amended by
adding Subsection (a-1) to read as follows:
(a-1) Notwithstanding Subsection (a), for each year
remaining in the 10-year allocation period established under
Section 17(d), Article VII, Texas Constitution, that ends in 2015,
the comptroller shall distribute to the Lamar Institute of
Technology in accordance with the allocation formula described by
Subsection (a) a portion of the total annual appropriation under
Section 17(a), Article VII, Texas Constitution, otherwise
allocated under Subsection (a). The comptroller shall adjust the
distributions made to other eligible institutions under the
equitable formula as necessary to reflect the inclusion of the
Lamar Institute of Technology in the agencies and institutions
participating in the allocation of the annual appropriation under
Section 17(a), Article VII, Texas Constitution. This subsection
expires January 1, 2016.
SECTION 2. This Act takes effect January 1, 2010, but only
if the constitutional amendment proposed by the 81st Legislature,
Regular Session, 2009, to allow the Lamar Institute of Technology
to participate in the allocation of certain constitutionally
dedicated funds for capital improvements at agencies and
institutions of higher education is approved by the voters. If that
constitutional amendment is not approved by the voters, this Act
does not take effect.