Bill Text: TX HB3580 | 2013-2014 | 83rd Legislature | Introduced

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Bill Title: Relating to the state spending limit.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2013-04-16 - Left pending in subcommittee [HB3580 Detail]

Download: Texas-2013-HB3580-Introduced.html

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By: Strama H.B. No. 3580

A BILL TO BE ENTITLED
AN ACT
relating to the state spending limit.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 316.002, Government Code, is amended by
amending sections (a) and (b) to read as follows:
(a) Before the Legislative Budget Board submits the budget
as prescribed by Section 322.008(c), the board shall establish:
(1) the estimated rate of growth of the state's economy
from the current biennium to the next biennium and an updated
estimated rate of growth of the state's economy from the previous
biennium through the current biennium;
(2) the level of appropriations for the current and
previous bienniums from state tax revenues not dedicated by the
constitution; and
(3) the amount of state tax revenues not dedicated by
the constitution that could be appropriated for the next biennium
within the limit established by the estimated rate of growth of the
state's economy.; and
(4) the amount of state tax revenues not dedicated by
the constitution that could be appropriated for the current
biennium.
(b) Except as provided by Subsection (c), the board shall
determine the estimated rate of growth of the state's economy for
the next biennium by dividing the estimated Texas total personal
income for the next biennium by the estimated Texas total personal
income for the current biennium, and for the current biennium by
dividing the estimated Texas total personal income for the current
biennium by the estimated Texas total personal income for the
previous biennium. Using standard statistical methods, the board
shall make the estimate by projecting through the biennium the
estimated Texas total personal income reported by the United States
Department of Commerce or its successor in function.
SECTION 2. This Act takes effect September 1, 2013.