TITLE: Relating to the creation of the National Museum of the Pacific War museum fund.

SUMMARY: Relating to the creation of the National Museum of the Pacific War museum fund.

FULL TEXT:
AN ACT relating to the creation of the National Museum of the Pacific War museum fund. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 442.053(c), Government Code, is amended to read as follows: (c) The commission shall deposit the proceeds of revenue bonds or other revenue obligations issued under this section in accordance with Chapter 1232 [to the credit of the National Museum of the Pacific War account] and may use the proceeds only to finance the repair, renovation, improvement, expansion, and equipping of the museum. SECTION 2. Subchapter B, Chapter 442, Government Code, is amended by adding Section 442.056 to read as follows: Sec. 442.056. NATIONAL MUSEUM OF THE PACIFIC WAR MUSEUM FUND. (a) In this section: (1) "Commission" means the Texas Historical Commission. (2) "Fund" means the National Museum of the Pacific War museum fund. (b) The National Museum of the Pacific War museum fund is created as a fund outside the state treasury. The commission shall administer the fund but may contract with the Admiral Nimitz Foundation for administration of the fund. The fund consists of: (1) admissions revenue from operation of the museum; and (2) donations made to the commission for the museum. (c) Money in the fund may be spent without appropriation and only to administer, operate, preserve, repair, expand, or otherwise maintain the museum. (d) Interest and income from the assets of the fund shall be credited to and deposited in the fund. SECTION 3. Section 442.054, Government Code, is repealed. SECTION 4. 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.