Enrolled Bill Summary

Senate Bill 1588	Senate Author:  Ogden
Effective:  See below	House Sponsor:  Pitts

Senate Bill 1588 requires all state revenue to be deposited to the credit of the undedicated portion of the general revenue fund unless specifically exempted under the provisions of the bill. The bill provides for the abolition of certain funds, accounts, and revenue dedications created, re‑created, or dedicated in the state treasury by an act of the 82nd Legislature, Regular Session, and creates, re-creates, dedicates, or re-dedicates certain of those funds, accounts, and dedications of revenue in the general revenue fund.

The bill amends the Government Code to allow the comptroller of public accounts, as directed by the legislature, to make reductions in dedicated accounts in the amounts by which estimated revenues and unobligated balances exceeded appropriations following certification of all appropriations enacted by the 82nd Legislature. The bill takes effect June 17, 2011, except that certain provisions take effect August 31, 2011, and September 1, 2011.