85R12338 JJT-F
By: Geren H.B. No. 3537
A BILL TO BE ENTITLED
AN ACT
relating to the use of money subject to restrictions under federal
law that is credited to the deferred maintenance fund account.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2165.403, Government Code, is amended by
adding Subsection (d) to read as follows:
(d) The use of money credited to the fund by appropriation
or transfer from the game, fish, and water safety account, the
lifetime license endowment account, or another fund or account in
the state treasury the use of which is subject to restrictions under
the federal Sport Fish Restoration Act (16 U.S.C. Section 777 et
seq.), the federal Wildlife Restoration Act (16 U.S.C. Section 669
et seq.), or other federal law, and the use of money earned as
interest or other earnings on the investment of that money credited
to the fund, continues to be subject to those federal restrictions
and may be used only for a function required to manage this state's
fish or wildlife resources in accordance with those federal
restrictions.
SECTION 2. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2017.