84th Texas Legislature, Regular Session, House Bill 1551, Chapter 735 Page: 2 of 5
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H.B. No. 1551
1 Code, is amended by adding Section 51.4131 to read as follows:
2 Sec. 51.4131. REPORT ON ANTICIPATED TRANSFER OF FUNDS. Not
3 later than September 1 of each even-numbered year, the board shall
4 submit to the legislature, comptroller, State Board of Education,
5 and Legislative Budget Board a report that, specifically and in
6 detail, states the date a transfer will be made and the amount of
7 money the board will transfer during the subsequent state fiscal
8 biennium from the real estate special fund account of the permanent
9 school fund established under Section 51.401 to the available
10 school fund or the State Board of Education for investment in the
11 permanent school fund.
12 SECTION 3. This Act takes effect immediately if it receives
13 a vote of two-thirds of all the members elected to each house, as
14 provided by Section 39, Article III, Texas Constitution. If this
15 Act does not receive the vote necessary for immediate effect, this
16 Act takes effect September 1, 2015.2
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Texas. Legislature. House of Representatives. 84th Texas Legislature, Regular Session, House Bill 1551, Chapter 735, legislative document, June 17, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth704501/m1/2/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.