BILL ANALYSIS C.S.S.B. 410 By: Montford Finance 03-28-95 Committee Report (Substituted) BACKGROUND The 73rd Legislature passed bills calling for payment deferrals, which provided additional flexibility when it came to funding obligations such as public and higher education, health and human services, and criminal justice that would have been cut without the additional funding provided by the deferrals. PURPOSE As proposed, S.B. 410 requires the comptroller to allocate and deposit to the credit of the state highway fund the portions of certain revenue allocable to that fund as soon as practicable after September 5 and no late than September 10 of each odd-numbered year. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. ALLOCATIONS TO STATE HIGHWAY FUND. (a) Requires the comptroller to allocate and deposit to the credit of the state highway fund the portions of certain revenue allocable to that fund as soon as practicable after September 5 and no later than September 10 of each odd-numbered year. SECTION 2. Emergency clause. Effective date: upon passage.