| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the allocation of certain motor vehicle sales, use, and |
|
|
rental tax revenue; making an appropriation. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
|
|
by adding Section 152.1223 to read as follows: |
|
|
Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE |
|
|
HIGHWAY FUND. (a) |
|
|
Notwithstanding Section 152.122, in each state |
|
|
fiscal year beginning on or after September 1, 2015, the |
|
|
comptroller shall deposit to the credit of the state highway fund an |
|
|
amount of money that is equal to 33-1/3 percent of the money that: |
|
|
(1) is received under Sections 152.043, 152.045, |
|
|
152.047, and 152.121 and is remaining after the comptroller makes |
|
|
the allocation required by Section 152.1222; and |
|
|
(2) exceeds the first $3.6 billion of money described |
|
|
by Subdivision (1) that is received in that fiscal year. |
|
|
(b) Money deposited to the credit of the state highway fund |
|
|
under this section may be appropriated only: |
|
|
(1) for a purpose authorized by Section 7-a, Article |
|
|
VIII, Texas Constitution; |
|
|
(2) to repay the principal and interest on general |
|
|
obligation bonds issued as authorized by Section 49-p, Article III, |
|
|
Texas Constitution; or |
|
|
(3) to pay for a function performed by or under the |
|
|
supervision of the Texas Department of Transportation. |
|
|
SECTION 2. The amount of $630 million is appropriated from |
|
|
the general revenue fund for the state fiscal biennium beginning |
|
|
September 1, 2013, to the Texas Department of Transportation to be |
|
|
used only for constructing, maintaining, and acquiring |
|
|
rights-of-way for public roadways other than toll roads. |
|
|
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. |