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