S.B. No. 962

	AN ACT
	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.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Section 316.092(e), Government Code, is amended
	to read as follows:
	(e)  This section expires December 31, 2034 [2024].
	SECTION 2.  Sections 316.093(e) and (f), Government Code,
	are amended to read as follows:
	(e)  For the purposes of Section 49-g(c-2), Article III,
	Texas Constitution, the comptroller shall adjust the allocation
	provided by Section 49-g(c-1) of that article of amounts to be
	transferred to the fund and to the state highway fund under Section
	49-g(c) of that article in a state fiscal year beginning on or after
	September 1, 2035 [2025], so that the total of those amounts is
	transferred to the economic stabilization fund, except that the
	comptroller shall reduce a transfer made under this subsection as
	necessary to prevent the amount in the fund from exceeding the limit
	in effect for that biennium under Section 49-g(g) of that article.
	(f)  Subsections (a), (b), and (c) and this subsection expire
	December 31, 2034 [2024].
	SECTION 3.  This Act takes effect September 1, 2019.
	______________________________	______________________________
	President of the Senate	Speaker of the House
	I hereby certify that S.B. No. 962 passed the Senate on April
	11, 2019, by the following vote:  Yeas 31, Nays 0.
	______________________________
	Secretary of the Senate
	I hereby certify that S.B. No. 962 passed the House on
	May 17, 2019, by the following vote:  Yeas 140, Nays 1, two
	present not voting.
	______________________________
	Chief Clerk of the House
	Approved:
	______________________________
	Date
	______________________________
	Governor