TO: | Honorable Mike Krusee, Chair, House Committee on Transportation |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB534 by King (Relating to Texas State Rifle Association license plates.), As Introduced |
The bill would amend the Transportation Code to dedicate revenues collected from the issuance of Texas State Rifle Association license plates for passenger cars and light trucks. The bill would require $8, of the annual $25 fee, to be deposited to the credit of the State Highway Fund and $17 to be deposited to the credit of a newly created General Revenue dedicated account to be used by the Texas A&M University for the purposes of providing scholarships for students who participate in the Reserve Officers Training Corps program.
No significant fiscal implication is anticipated due to the estimated number of license plate issuances.
Because the legislation would create a dedicated revenue account in the General Revenue Fund, the account included in this bill would be subject to funds consolidation review by the current legislature.
Source Agencies: | 304 Comptroller Of Public Accounts, 601 Department Of Transportation
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LBB Staff: | JK, RR, MW
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