78R1011 MTB-D

By:  Campbell                                                     H.B. No. 634


A BILL TO BE ENTITLED
AN ACT
relating to the creation of a savings incentive program for state agencies. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 2108, Government Code, is amended by adding Subchapter C to read as follows:
SUBCHAPTER C. SAVINGS INCENTIVE PROGRAM FOR STATE AGENCY
Sec. 2108.101. NOTICE. A state agency that spends less undedicated general revenue derived from nonfederal sources than is appropriated to the agency for a fiscal year shall send to the comptroller a notice of the amount of the savings before October 30 following the end of the fiscal year in which the savings are realized. Sec. 2108.102. VERIFICATION OF SAVINGS. The comptroller shall verify the amount of savings contained in the notice not later than the 60th day following the date the comptroller receives the notice. Sec. 2108.103. RETENTION OF FUNDS. (a) The affected agency retains one-half of the amount of savings verified by the comptroller, not to exceed one percent of the amount of the undedicated general revenue derived from nonfederal sources appropriated to the agency for the fiscal year in which the savings are realized. (b) Savings retained under this section may only be appropriated by the legislature to the affected agency. The agency may spend the savings only on an activity or expense that does not: (1) create new or expanded services; or (2) require ongoing funding at a later date. SECTION 2. This Act takes effect September 1, 2003.