,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #cb  ,,9 ,,! ,,h\se ,,(             
,,repres5tatives  ,janu>y #i1 #bjbc,mr4 
,doggett 7= himself & ,mr4 ,arr+ton7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to create a safe h>bor =  
c]ta9 p]petual tru/ funds4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,keep+  
,texas ,s*ool ,con/ruction ,co/s ,d[n   
,act ( #bjbc4  #b4 ,safe h>bor = c]ta9  
p]petual tru/ funds  7a7 ,9 g5]al       
,section #adh7;b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#e7 ,safe h>bor
 = c]ta9 p]petual tru/ funds ,! t]m     
inve/m5t prop]ty does n include any fund
 creat$ & controll$ by a ,/ate &        
e/abli%$ pursuant to its con/itution or 
,/ate law if-- 7,a7 sub/antially all ( !
 assets ( ! fund consi/ ( nonf9ancial   
assets1 rev5ues d]iv$ f su* assets1     
gifts1 appropriations1 or beque/s1  7,b7
 ! assets ( ! fund may be us$ only to   

support specifically designat$ ess5tial 
gov]nm5tal functions 7)9 ! mean+ (      
section #aae7a77 t are c>ri$ out by     
political subdivisions ) g5]al tax+ p[]s
 or public elem5t>y & public second>y   
s*ools1  7,c7 ! assets ( ! fund are     
requir$ to support designat$ functions1 
7,d7 to ! ext5t ! fund gu>antees        
obligations1 su* obligations are n      
private activity bonds 7o!r ?an qualifi$
 #eja7;c77#c7 bonds7 sub/antially all ( 
! proce$s ( :i* are to be us$ =         
designat$ functions1 &  7,e7 ! fund     
satisfi$ ea* ( ! requirem5ts (          
subp>agraphs 7,a7 ?r\gh 7,d7 on ,augu/  
#af1 #aihf4  4  7b7 ,effective date ,!  
am5dm5t made by ?is section %all take   
effect on ! date ( ! enactm5t ( ?is     
,act4