By Hilderbran H.B. No. 3621
76R6878 DRH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the refund of surplus revenue by certain metropolitan
1-3 rapid transit authorities.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Subchapter I, Chapter 451, Transportation Code,
1-6 is amended by adding Section 451.421 to read as follows:
1-7 Sec. 451.421. REFUND OF REVENUE: CERTAIN AUTHORITIES. (a)
1-8 An authority governed by a board appointed under Section 451.5021
1-9 shall, at the end of each fiscal year of the authority, distribute
1-10 to the municipalities and counties that comprise the authority all
1-11 revenue of the authority that exceeds the expenses of the authority
1-12 for that year.
1-13 (b) The distribution shall be apportioned on the basis of
1-14 the ratio that the population of each municipality or the
1-15 unincorporated area of each county bears to the total population of
1-16 the authority.
1-17 SECTION 2. The importance of this legislation and the
1-18 crowded condition of the calendars in both houses create an
1-19 emergency and an imperative public necessity that the
1-20 constitutional rule requiring bills to be read on three several
1-21 days in each house be suspended, and this rule is hereby suspended,
1-22 and that this Act take effect and be in force from and after its
1-23 passage, and it is so enacted.