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.