Bill Text: TX SJR53 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment establishing the state deferred maintenance fund to provide funding for deferred maintenance at state facilities and transferring economic stabilization fund money to that fund.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2019-03-14 - Referred to Business & Commerce [SJR53 Detail]
Download: Texas-2019-SJR53-Introduced.html
| 86R3659 CJC-D | ||
| By: Perry | S.J.R. No. 53 | |
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| proposing a constitutional amendment establishing the state | ||
| deferred maintenance fund to provide funding for deferred | ||
| maintenance at state facilities and transferring economic | ||
| stabilization fund money to that fund. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 49-g, Article III, Texas Constitution, | ||
| is amended by adding Subsection (n-1) to read as follows: | ||
| (n-1) On January 1, 2020, the comptroller shall transfer | ||
| $1.8 billion of the unobligated and otherwise unappropriated | ||
| balance of the economic stabilization fund to the state deferred | ||
| maintenance fund. The transfer made under this subsection is not an | ||
| appropriation of state tax revenues for the purposes of Section 22, | ||
| Article VIII, of this constitution. This subsection expires | ||
| January 1, 2021. | ||
| SECTION 2. Article III, Texas Constitution, is amended by | ||
| adding Section 49-g-4 to read as follows: | ||
| Sec. 49-g-4. (a) The state deferred maintenance fund is | ||
| established as a fund in the state treasury to be administered by | ||
| the comptroller of public accounts. | ||
| (b) The fund consists of: | ||
| (1) money transferred to the fund under Section 49-g | ||
| of this article; | ||
| (2) money appropriated, credited, or transferred to | ||
| the fund by the legislature, including the proceeds of any fee or | ||
| tax imposed by this state that by statute are dedicated for deposit | ||
| to the credit of the fund and any other revenue the legislature by | ||
| statute dedicates for deposit to the credit of the fund; and | ||
| (3) investment earnings and interest earned on amounts | ||
| credited to the fund. | ||
| (c) Money in the fund may be appropriated only to provide | ||
| funding for deferred maintenance at state facilities as provided by | ||
| general law or in accordance with an applicable federal law. An | ||
| appropriation from the fund is not an appropriation of state tax | ||
| revenues for purposes of Section 22, Article VIII, of this | ||
| constitution. | ||
| (d) On September 1, 2031, the comptroller of public accounts | ||
| shall: | ||
| (1) determine the amount, if any, of the money | ||
| transferred to the fund from the economic stabilization fund on | ||
| January 1, 2020, that remains in the fund and is unobligated on | ||
| August 31, 2031, and the amount of any investment earnings or | ||
| interest attributable to that amount that is in the fund and | ||
| unobligated on that date; and | ||
| (2) transfer the sum of the amounts determined under | ||
| Subdivision (1) of this subsection from the fund to the general | ||
| revenue fund. | ||
| (e) Subsection (d) of this section and this subsection | ||
| expire January 1, 2032. | ||
| SECTION 3. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 5, 2019. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment establishing the | ||
| deferred maintenance fund to provide funding for deferred | ||
| maintenance at state facilities and transferring economic | ||
| stabilization fund money to that fund." | ||
