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A BILL TO BE ENTITLED
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AN ACT
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relating to the use and management of the Texas preservation trust |
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fund account. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 442.015(a), (b), and (f), Government |
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Code, are amended to read as follows: |
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(a) Notwithstanding Section [Sections 403.094 and] 403.095, |
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the Texas preservation trust fund account is a separate account in |
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the general revenue fund. The account consists of transfers made to |
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the account, loan repayments, grants and donations made for the |
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purposes of this program, proceeds of sales, income earned |
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[earnings] on money in the account, and any other money received |
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under this section. Money in [Distributions from] the account may |
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be used only for the purposes of this section and [may not be used] |
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to pay operating expenses of the commission. Money allocated to the |
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commission's historic preservation grant program shall be |
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deposited to the credit of the account. Income earned [Earnings] on |
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money in the account shall be deposited to the credit of the |
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account. |
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(b) The commission may use money in [distributions from] the |
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Texas preservation trust fund account to provide financial |
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assistance to public or private entities for the acquisition, |
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survey, restoration, or preservation, or for planning and |
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educational activities leading to the preservation, of historic |
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property in the state that is listed in the National Register of |
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Historic Places or designated as a State Archeological Landmark or |
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Recorded Texas Historic Landmark, or that the commission determines |
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is eligible for such listing or designation. The financial |
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assistance may be in the amount and form and according to the terms |
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that the commission by rule determines. The commission shall give |
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priority to property the commission determines to be endangered by |
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demolition, neglect, underuse, looting, vandalism, or other threat |
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to the property. Gifts and grants deposited to the credit of the |
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account specifically for any eligible projects may be used only for |
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the type of projects specified. If such a specification is not |
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made, the gift or grant shall be unencumbered and accrue to the |
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benefit of the Texas preservation trust fund account. If such a |
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specification is made, the entire amount of the gift or grant may be |
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used during any period for the project or type of project specified. |
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(f) The advisory board shall recommend to the commission |
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rules for administering this section [Subsections (a)-(e)]. |
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SECTION 2. Sections 442.015(h), (i), (j), (k), and (l), |
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Government Code, are repealed. |
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SECTION 3. The comptroller and the Texas Historical |
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Commission shall enter into a memorandum of understanding to |
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facilitate the conversion of assets of the Texas preservation trust |
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fund account into cash for deposit into the state treasury using a |
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method that provides for the lowest amount of revenue loss to the |
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state. |
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SECTION 4. This Act takes effect November 1, 2011. |