81R6150 JRD-D
 
  By: Parker H.B. No. 2830
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to transferring to the property tax relief fund one-half
  of any unencumbered balance of general revenue at the end of a state
  fiscal biennium.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 403.109, Government Code, is amended by
  adding Subsection (e) to read as follows:
         (e)  In addition to amounts deposited to the credit of the
  property tax relief fund under other law, the comptroller shall,
  not later than the 90th day of each state fiscal biennium, transfer
  to the property tax relief fund one-half of any unencumbered
  positive balance of general revenues on the last day of the
  preceding state fiscal biennium.  For purposes of this subsection,
  general revenues are considered encumbered on the last day of a
  state fiscal biennium only to the extent that general revenues are
  subject to payment for particular identifiable and legally
  enforceable obligations of this state that were incurred on or
  before that day and intended to be paid out of appropriations for
  that biennium.
         SECTION 2.  Section 403.109(e), Government Code, as added by
  this Act, applies beginning with the unencumbered positive balance
  of general revenues in the state treasury on the last day of the
  state fiscal biennium ending August 31, 2009.
         SECTION 3.  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 on the 91st day after the last day of the
  legislative session.