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A JOINT RESOLUTION
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proposing a constitutional amendment dedicating certain revenue |
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derived from the tax imposed on the sale of motor vehicles to the |
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state highway fund. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 7-c to read as follows: |
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Sec. 7-c. (a) Subject to Subsection (b) of this section, |
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all net revenue derived from the tax authorized by Chapter 152, Tax |
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Code, or its successor, and imposed on the sale of a motor vehicle |
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sold in this state that exceeds the first $2.5 billion of that |
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revenue coming into the treasury for a state fiscal year shall be |
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deposited to the credit of the state highway fund and may be |
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appropriated only to: |
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(1) construct, maintain, or acquire rights-of-way for |
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public roadways other than toll roads; or |
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(2) 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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of this constitution. |
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(b) Revenue described by Subsection (a) of this section |
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that, under general law in effect on January 1, 2015, was required |
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to be deposited to the credit of a fund outside the general revenue |
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fund from which money could be appropriated only for a purpose that |
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decreases the rates of, or reduces reliance on, ad valorem taxes |
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imposed to fund public schools is not included as part of the first |
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$2.5 billion coming into the treasury for purposes of Subsection |
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(a) of this section, and is not subject to the requirements |
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applicable to the deposit of money in excess of $2.5 billion |
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prescribed by Subsection (a) of this section, to the extent general |
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law continues to require the deposit of that revenue as described by |
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this subsection and limit the appropriation of that revenue to the |
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purpose described by this subsection. |
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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 84th Legislature, |
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Regular Session, 2015, dedicating certain revenue derived from the |
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tax imposed on the sale of a motor vehicle sold in this state to the |
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state highway fund. |
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(b) The changes to Article VIII of this constitution made by |
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the amendment take effect September 1, 2017. |
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(c) Beginning with the state fiscal year beginning on |
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September 1, 2017, the legislature may not appropriate any revenue |
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to which Section 7-c(a), Article VIII, of this constitution applies |
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for any purpose other than a purpose described by Section 7-c(a), |
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Article VIII, of this constitution. |
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(d) This temporary provision expires September 1, 2018. |
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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 3, 2015. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment dedicating certain |
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revenue derived from the tax imposed on the sale of a motor vehicle |
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sold in this state to the state highway fund." |