TITLE: Relating to the use of state money to pay certain payments, including debt service payments, for public-private partnership projects.

SUMMARY: Relating to the use of state money to pay certain payments, including debt service payments, for public-private partnership projects.

FULL TEXT:
AN ACT relating to the use of state money to pay certain payments, including debt service payments, for public-private partnership projects. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter B, Chapter 2267, Government Code, is amended by adding Section 2267.0601 to read as follows: Sec. 2267.0601. USE OF STATE MONEY. To the extent the payments are directly related to a qualifying project that serves the public purpose of this chapter, a responsible governmental entity may use state money to pay the following: (1) a lease payment; (2) a service payment; (3) a user fee; or (4) debt service. 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.