SRC-AAA S.B. 807 75(R) BILL ANALYSIS Senate Research Center S.B. 807 By: Lucio Finance 3-25-97 As Filed DIGEST Currently, the law has capped transfers for funding local government park grants at $32 million. This is well below the 1997 needs. This bill increases the cap of $32 million to $42 million per year for the next biennium and increases by $5 million in each of the next two bienniums for sporting goods sales tax revenues transferred to parks. PURPOSE As proposed, S.B. 807 increases the cap of transfers from $32 million to 42 million per year for the next biennium and increases by $5 million in each of the next two bienniums for sporting goods sales tax revenues transferred to parks. RULEMAKING AUTHORITY This bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 11.035(b), Parks and Wildlife Code, to require the Parks and Wildlife Department (department) to deposit to the credit of the state parks account all revenue, including $1,125,000 per month, 40 percent of the amount greater than $27 million per year but not greater than $32 million per year and 40 percent of the amount greater than $32 million per year of credits made to the department under Section 151.801, Tax Code. SECTION 2. Amends Section 24.003, Parks and Wildlife Code, to require the department to deposit to the credit of the state parks account all revenue including $1,125,000 per month, 40 percent of the amount greater than $27 million per year but not greater than $32 million per year and 40 percent of the amount greater than $32 million per year of credits made to the department under Section 151.801, Tax Code. SECTION 3. Amends Section 151.801(c), Tax Code, to delete a provision calling for the deposit of money into certain funds. Prohibits the comptroller from crediting, from sporting goods tax revenue annually, in excess of $42 million in to the department in the state fiscal biennium ending August 31, 1999; $47 million in the state fiscal biennium ending August 31, 2001; and $52 million in the state fiscal biennium ending August 31, 2003. SECTION 4. Effective date: September 1, 1997. SECTION 5. Emergency clause.