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A BILL TO BE ENTITLED
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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(b), Government Code, is amended |
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to read as follows: |
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(b) This section expires December 31, 2042 [2034]. |
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SECTION 2. Sections 316.093(c) and (d), Government Code, |
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are amended to read as follows: |
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(c) 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, 2043 [2035], 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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(d) Subsections (a) and (b) and this subsection expire |
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December 31, 2042 [2034]. |
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SECTION 3. This Act takes effect September 1, 2023. |