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A JOINT RESOLUTION
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proposing a constitutional amendment providing for the transfer of |
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certain state revenue to the Texas Mobility Fund. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 49-g(c), (d), and (e), Article III, |
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Texas Constitution, are amended to read as follows: |
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(c) Not later than the 90th day of each fiscal year, the |
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comptroller of public accounts shall transfer from general revenue |
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to the economic stabilization fund and the Texas Mobility Fund the |
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amounts prescribed by Subsections (d) and (e) of this section. |
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However, if necessary, the comptroller shall reduce |
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proportionately: |
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(1) the amounts transferred to the economic |
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stabilization fund to prevent the amount in the fund from exceeding |
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the limit in effect for that biennium under Subsection (g) of this |
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section; and |
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(2) the amounts transferred to the Texas Mobility Fund |
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to prevent an amount that exceeds $600 million from being |
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transferred to that fund in a state fiscal year. |
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(d) Subject to the limitations prescribed by Subsection (c) |
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of this section, if [If] in the preceding year the state received |
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from oil production taxes a net amount greater than the net amount |
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of oil production taxes received by the state in the fiscal year |
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ending August 31, 1987, the comptroller shall transfer to the |
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economic stabilization fund an amount equal to 50 [75] percent of |
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the difference between those amounts and shall transfer to the |
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Texas Mobility Fund an amount equal to 25 percent of the difference |
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between those amounts. The comptroller shall retain the remaining |
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25 percent of the difference as general revenue. In computing the |
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net amount of oil production taxes received, the comptroller may |
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not consider refunds paid as a result of oil overcharge litigation. |
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(e) Subject to the limitations prescribed by Subsection (c) |
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of this section, if [If] in the preceding year the state received |
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from gas production taxes a net amount greater than the net amount |
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of gas production taxes received by the state in the fiscal year |
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ending August 31, 1987, the comptroller shall transfer to the |
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economic stabilization fund an amount equal to 50 [75] percent of |
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the difference between those amounts and shall transfer to the |
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Texas Mobility Fund an amount equal to 25 percent of the difference |
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between those amounts. The comptroller shall retain the remaining |
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25 percent of the difference as general revenue. For the purposes |
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of this subsection, the comptroller shall adjust the comptroller's |
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[his] computation of revenues to reflect only 12 months of |
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collection. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 83rd Legislature, |
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1st Called Session, 2013, providing for the transfer of certain |
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state revenue to the Texas Mobility Fund. |
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(b) The amendment to Sections 49-g(c), (d), and (e), Article |
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III, of this constitution takes effect January 1, 2014, and applies |
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to a state fiscal year beginning on or after September 1, 2014. |
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(c) This temporary provision expires January 1, 2015. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 5, 2013. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment providing for the |
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transfer of certain state revenue to the Texas Mobility Fund." |