79S30560 JD-D

By:  Hegar                                                        H.B. No. 76 



A BILL TO BE ENTITLED

AN ACT

relating to making an appropriation for the purpose of providing 
school district ad valorem tax rate relief.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  (a)  The amount of $2.4 billion is appropriated 
to the comptroller of public accounts out of the general revenue 
fund for the state fiscal year ending August 31, 2007, for 
distribution to the school districts in this state for the sole 
purpose of providing school district ad valorem tax rate relief.
	(b)  The comptroller may expend and distribute the money 
only:               
		(1)  in accordance with a final plan for the 
distribution of the money appropriated by this Act; and
		(2)  with the prior approval of the Legislative Budget 
Board and the governor.
	(c)  The comptroller of public accounts shall as soon as 
possible develop the plan for the distribution of the money 
appropriated by this Act and send the plan to the governor and the 
Legislative Budget Board for review and comment.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2006.