Bill Text: TX SB620 | 2015-2016 | 84th Legislature | Introduced

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Bill Title: Relating to the issuance of commemorative coins by a vendor designated as the official state mint.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2015-02-23 - Referred to Business & Commerce [SB620 Detail]

Download: Texas-2015-SB620-Introduced.html

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84R6644 AAF-D
By: Burton S.B. No. 620

A BILL TO BE ENTITLED
AN ACT
relating to the issuance of commemorative coins by a vendor
designated as the official state mint.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 403, Government Code, is amended by
adding Subchapter R to read as follows:
SUBCHAPTER R. STATE MINT
Sec. 403.501. STATE MINT FOR COMMEMORATIVE COINS. (a) The
comptroller shall contract with a private vendor to manufacture and
sell commemorative coins. The vendor with which the comptroller
contracts is designated the official state mint.
(b) The commemorative coins issued under this section must
include an image of a president of the Republic of Texas.
(c) Revenue received under this section shall be deposited
in the general revenue fund.
Sec. 403.502. ADVISORY COMMITTEE ON STATE MINT. The
comptroller shall appoint an advisory committee to determine the
design of the commemorative coins. The advisory committee shall
solicit proposed designs with an image of a president of the
Republic of Texas and determine the most appropriate design for the
commemorative coins.
Sec. 403.503. ANNUAL REPORT. Not later than December 1 of
each year, the comptroller shall report on the status and any
revenue received from the sale of the commemorative coins. The
comptroller shall publish the report on the comptroller's Internet
website.
SECTION 2. (a) Not later than August 31, 2016, the
comptroller shall solicit bids and proposals and award a contract
for the manufacture and sale of the commemorative coins as provided
by Section 403.501, Government Code, as added by this Act.
(b) Not later than December 1, 2017, the comptroller shall
publish the first report under Section 403.503, Government Code, as
added by this Act.
SECTION 3. This Act takes effect September 1, 2015.