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