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Floor Packet Page No. 7                                                     



	

Amend HB 2 by inserting the following appropriately numbered 

SECTION and renumbering any subsequent SECTIONS accordingly:

	SECTION ____.  PROPERTY TAX RELIEF FUND DISCLOSURE.  (a)  For 

purposes of providing transparency and accountability, the 

comptroller of public accounts shall publish in the Texas Register 

no later than December 31 the following information for the 

previous fiscal year:

		(1)  the total revenue collected and deposited to the 

credit of the property tax relief fund by revenue source;

		(2)  the total cost to cover the property tax relief 

authorized by the 79th Legislature, 3rd Called Session, 2006, and 

the total amount appropriated to cover the cost by source of 

revenue; and

		(3)  the total amount by which the revenue in 

subdivision (1) is less than or greater than the total cost in 

subdivision (2).

	(b)  The comptroller of public accounts shall include in the 

biennial revenue estimate an estimate of the total amount of 

revenue to be deposited to the credit of the property tax relief 

fund, by source of revenue, and an estimate of the total biennial 

cost to the state to cover the property tax rate reduction 

authorized by HB 1 and any other legislation authorizing property 

tax relief enacted by the 79th Legislature, 3rd Called Session, 

2006.  The comptroller shall calculate the amount by which the 

estimated revenue in the property tax relief fund is less than or 

greater than the state cost to cover the property tax relief 

authorized by the 79th Legislature, 3rd Called Session, 2006.