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. | ||
