BILL ANALYSIS
Senate Research Center S.B. 322
79R2393 MTB-D By: Staples
Transportation & Homeland Security
AUTHOR'S/SPONSOR'S STATEMENT OF INTENT
Currently, the proceeds from the sale of surplus and salvage personal property of the Texas Department of Transportation and the Texas Department of Public Safety is deposited into the general revenue fund. As proposed, S.B. 322 requires proceeds from the sale of surplus personal property originally purchased with state highway funds to be deposited to the state highway fund.
RULEMAKING AUTHORITY
SECTION BY SECTION ANALYSIS
SECTION 1. Amends Section 2175.134(c), Government Code, to require proceeds from the sale of surplus and salvage property of the Texas Department of Transportation (TxDOT), the Department of Public Safety of the State of Texas (DPS), or the State Aircraft Pooling Board (board) to be deposited to the credit of the state highway fund, rather than proceeds from the sale of surplus and salvage property of the board to be deposited to the credit of the board.
SECTION 2. Amends Section 2175.191(c), Government Code, to require proceeds from the sale of surplus and salvage property of TxDOT, DPS, or the board to be deposited to the credit of the state highway fund, rather than proceeds from the sale of surplus and salvage property of the board to be deposited to the credit of the board.
SECTION 3. Makes application of this Act prospective.
SECTION 4. Effective date: September 1, 2005.