Bill Text: TX HB75 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Relating to transferring to the property tax relief fund one-half of any unencumbered balance of general revenue at the end of a state fiscal biennium.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2017-07-20 - Referred to Appropriations [HB75 Detail]
Download: Texas-2017-HB75-Introduced.html
85S10281 CJC-D | ||
By: Darby | H.B. No. 75 |
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relating to transferring to the property tax relief fund one-half | ||
of any unencumbered balance of general revenue at the end of a state | ||
fiscal biennium. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 403.109, Government Code, is amended by | ||
adding Subsection (e) to read as follows: | ||
(e) In addition to amounts deposited to the credit of the | ||
property tax relief fund under other law, the comptroller shall, | ||
not later than the 90th day of each state fiscal biennium, transfer | ||
to the property tax relief fund one-half of any unencumbered | ||
positive balance of general revenues on the last day of the | ||
preceding state fiscal biennium. For purposes of this subsection, | ||
general revenues are considered encumbered on the last day of a | ||
state fiscal biennium only to the extent that general revenues are | ||
subject to payment for particular identifiable and legally | ||
enforceable obligations of this state that were incurred on or | ||
before that day and intended to be paid out of appropriations for | ||
that biennium. | ||
SECTION 2. Section 403.109(e), Government Code, as added by | ||
this Act, applies beginning with the unencumbered positive balance | ||
of general revenues in the state treasury on the last day of the | ||
state fiscal biennium ending August 31, 2019. | ||
SECTION 3. 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. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect on the 91st day after the last day of the | ||
legislative session. |