85R10627 SLB-F
By: Phelan H.B. No. 3781
A BILL TO BE ENTITLED
AN ACT
relating to the uses of the lifetime license endowment account by
the Parks and Wildlife Department.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.063, Parks and Wildlife Code, is
amended to read as follows:
Sec. 11.063. USES OF ACCOUNT. To the extent allowed by
federal law, money in the lifetime license endowment fund and
interest [Interest] earned on the lifetime license endowment
account may be used only for the purpose of managing the fish and
wildlife resources of this state, including [to]:
(1) acquiring [acquire] public hunting and fishing
areas; [and]
(2) developing, managing, and repairing [develop,
manage, and repair] public hunting and fishing areas; and
(3) making capital expenditures related to fisheries
and wildlife resources, including:
(A) land acquisition;
(B) construction; and
(C) the purchase of:
(i) vehicles considered capital purchases
under commission rule;
(ii) equipment; and
(iii) information technology resources.
SECTION 2. Section 11.064, Parks and Wildlife Code, is
amended to read as follows:
Sec. 11.064. RESTRICTIONS. No expenditure [expenditures]
shall be made from the principal of the lifetime license endowment
account if that expenditure would lower the unencumbered balance of
the principal of the account below $20 million [except as provided
by law].
SECTION 3. This Act takes effect September 1, 2017.