Relating to authorizing the sale or lease by the State of Texas of certain real property located in Austin, Texas.

Changed from authorizing only sale of real property to authorizing both sale and lease of real property by the State of Texas.

Added entirely new Section 3 and Section 4 authorizing the Health and Human Services Commission to lease approximately 7.5 acres of state property in Austin under specific terms.

Added a new dedicated account in the general revenue fund called the 'bicentennial Texas State Library and Archives Commission fund' for proceeds from the sale or lease.

Added requirement that proceeds from the bicentennial fund must be used for capital improvements to library facilities and to make original source materials more accessible to the public.

Modified lease requirements to include commission approval of proposed use and granting easements to adjacent commission properties.

Added a new definition in Section 3 stating that 'commission' means the Health and Human Services Commission.