78R1011 MTB-D
By: Williams S.B. No. 447
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.