Supplement: TX HB2230 | 2023-2024 | 88th Legislature | Analysis (House Committee Report)
Bill Title: Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating general revenue to that fund and the state highway fund.
Status: 2023-06-09 - Effective on 9/1/23 [HB2230 Detail]
Download: Texas-2023-HB2230-Analysis_House_Committee_Report_.html
BILL ANALYSIS |
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H.B. 2230 |
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By: Canales |
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Appropriations |
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Committee Report (Unamended) |
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BACKGROUND AND PURPOSE
In recognizing the need to provide adequate funding for transportation-related projects, the 83rd Texas Legislature, 3rd Called Session, passed S.J.R. 1 proposing a constitutional amendment temporarily dedicating certain oil and natural gas production tax revenue to the state highway fund. This constitutional amendment, Proposition 1, was approved by over 79 percent of voters on November 4, 2014. The Proposition 1 funding is used for constructing, maintaining, and acquiring rights of way for public roads other than toll roads. Currently, this funding increase for transportation projects is set to end on December 31, 2034. As the State of Texas continues to grow, the need for transportation infrastructure investments continues. Accordingly, H.B. 2230 seeks to make permanent the Proposition 1 funding increase.
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CRIMINAL JUSTICE IMPACT
It is the committee's opinion that this bill does not expressly create a criminal offense, increase the punishment for an existing criminal offense or category of offenses, or change the eligibility of a person for community supervision, parole, or mandatory supervision.
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RULEMAKING AUTHORITY
It is the committee's opinion that this bill does not expressly grant any additional rulemaking authority to a state officer, department, agency, or institution.
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ANALYSIS
H.B. 2230 makes permanent the increase in state transportation funding provided for by S.J.R. 1, Acts of the 83rd Legislature, 3rd Called Session, 2013, and approved by voters as Proposition 1 in the November 2014 election, which provided for a temporary diversion of certain oil and gas production tax revenue from the Economic Stabilization Fund, otherwise known as the Rainy Day Fund, to the state highway fund, by repealing the following provisions of the Government Code that set the diversion to end December 31, 2034: · Section 316.092(b); and · Sections 316.093(c) and (d).
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EFFECTIVE DATE
September 1, 2023.
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