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A BILL TO BE ENTITLED
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AN ACT
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relating to providing funding for certain transportation projects, |
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including port-related transportation projects; making |
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appropriations. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
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by adding Section 152.1223 to read as follows: |
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Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE |
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HIGHWAY FUND. (a) Notwithstanding Section 152.122, in each state |
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fiscal year beginning on or after September 1, 2015, the |
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comptroller shall deposit to the credit of the state highway fund an |
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amount of money that is equal to 33-1/3 percent of the money that: |
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(1) is received under Sections 152.043, 152.045, |
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152.047, and 152.121 and is remaining after the comptroller makes |
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the allocation required by Section 152.1222; and |
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(2) exceeds the first $3 billion of money described by |
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Subdivision (1) that is received in that fiscal year. |
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(b) Money deposited to the credit of the state highway fund |
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under this section may be appropriated only: |
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(1) for a purpose authorized by Section 7-a, Article |
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VIII, Texas Constitution; |
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(2) to repay the principal and interest on general |
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obligation bonds issued as authorized by Section 49-p, Article III, |
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Texas Constitution; or |
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(3) to pay for a function performed by or under the |
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supervision of the Texas Department of Transportation. |
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SECTION 2. Section 55.002, Transportation Code, is amended |
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by adding Subsection (e) to read as follows: |
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(e) The commission may use money from the Texas mobility |
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fund to provide funding, including through a loan, for a port |
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security project, a port transportation project, or a project |
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eligible for funding under Subsection (c). |
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SECTION 3. (a) In this section, "biennial state taxes and |
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fees general revenue estimate" means the amount of revenue stated |
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in the comptroller's estimate provided in advance of the regular |
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legislative session as required by Section 49a, Article III, Texas |
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Constitution, that, based on the laws in effect at the time the |
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estimate is made, is anticipated to be received by and for the state |
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from collections of taxes and fees the revenue from which is |
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anticipated to be deposited to the credit of the general revenue |
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fund and is not set aside by law for a particular purpose or entity. |
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(b) On the 91st day of the state fiscal biennium beginning |
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September 1, 2013, an amount of money determined as provided by this |
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subsection is appropriated from the general revenue fund to the |
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Texas Department of Transportation for the two-year period |
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beginning on the effective date of this Act for the purposes of |
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constructing, maintaining, and acquiring rights-of-way for public |
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roadways other than toll roads. The amount of money appropriated |
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under this subsection is the amount by which revenue received by |
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this state during the state fiscal biennium ending August 31, 2013, |
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from collections of taxes and fees that is anticipated to be |
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deposited to the credit of the general revenue fund and is not set |
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aside for a particular purpose or entity exceeds the estimated |
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amount of that revenue for that fiscal biennium as contained in the |
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biennial state taxes and fees general revenue estimate for the |
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state fiscal biennium ending August 31, 2013. The amount of money |
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appropriated to the Texas Department of Transportation under this |
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subsection may not exceed an amount that, when added to all other |
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appropriations of state tax revenues not dedicated by the |
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constitution made for the state fiscal biennium ending August 31, |
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2015, would exceed the maximum permissible amount of appropriations |
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of those revenues for that biennium, as provided by Section 22, |
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Article VIII, Texas Constitution. |
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(c) On the 91st day of the state fiscal biennium beginning |
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September 1, 2015, the comptroller of public accounts shall deposit |
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an amount of money determined as provided by this subsection to the |
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credit of the state highway fund. The amount of money deposited |
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under this subsection is the amount by which revenue received by |
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this state during the state fiscal biennium ending August 31, 2015, |
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from collections of taxes and fees that is anticipated to be |
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deposited to the credit of the general revenue fund and is not set |
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aside for a particular purpose or entity exceeds the estimated |
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amount of that revenue for that fiscal biennium as contained in the |
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biennial state taxes and fees general revenue estimate for the |
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state fiscal biennium ending August 31, 2015. The amount of money |
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deposited to the credit of the state highway fund under this |
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subsection may not exceed $2,000,000,000. |
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(d) This section expires January 1, 2016. |
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SECTION 4. This Act takes effect on the 91st day after the |
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last day of the legislative session. |