84R3131 CJC-D
 
  By: Phillips H.B. No. 1370
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the allocation of certain motor vehicle sales tax
  revenue to the state highway fund and to the uses of that revenue.
         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, 2017, the
  comptroller shall deposit to the credit of the state highway fund
  all money that:
               (1)  is received under Sections 152.047 and 152.121, is
  derived from the tax imposed under Section 152.021, and is
  remaining after the comptroller makes the allocation required by
  Section 152.1222; and
               (2)  exceeds the first $2.5 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 to:
               (1)  construct, maintain, or acquire rights-of-way for
  public roadways other than toll roads; or
               (2)  repay the principal and interest on general
  obligation bonds issued as authorized by Section 49-p, Article III,
  Texas Constitution.
         SECTION 2.  This Act takes effect September 1, 2015.