By Carona S.B. No. 1338
76R3409 SMJ-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the timing of trust fund distributions to certain
1-3 taxing entities.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 322.302(b), Tax Code, is amended to read
1-6 as follows:
1-7 (b) The comptroller shall make payments required by
1-8 Subsection (a) monthly [of this section] to entities created under
1-9 Chapter 451 or 452, Transportation Code[, quarterly each fiscal
1-10 year as soon as practicable after the end of each quarter].
1-11 SECTION 2. This Act takes effect October 1, 1999.
1-12 SECTION 3. The importance of this legislation and the
1-13 crowded condition of the calendars in both houses create an
1-14 emergency and an imperative public necessity that the
1-15 constitutional rule requiring bills to be read on three several
1-16 days in each house be suspended, and this rule is hereby suspended.