| TO: | Honorable Todd Staples, Chair, Senate Committee on Transportation & Homeland Security |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | SB1713 by Staples (Relating to the creation of a study commission on transportation financing.), As Introduced |
The bill would amend Chapter 162 of the Tax Code to establish the Study Commission on Transportation Financing. The commission would consist of nine members, appointed according to the provisions in the bill. It would conduct public hearings and study public policy implications relating to the financing of transportation projects.
The commission's work would include: (1) a review of the state motor fuels tax; (2) a review of the current sources for funding rail transportation projects; and (3) a review of all other financing options for all modes of transportation. It could accept gifts and grants from any source to carry out its function. The commission would issue a report, no later than December 1, 2006, summarizing its hearings, studies, findings and recommendations, and any proposed legislation.
The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2005.
| Source Agencies: | 304 Comptroller of Public Accounts, 601 Department of Transportation
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| LBB Staff: | JOB, SR, WP, CT
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