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A BILL TO BE ENTITLED
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AN ACT
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relating to the Texas Department of Motor Vehicles fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. On September 1, 2016, the Texas Department of |
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Motor Vehicles fund created by Section 1001.151, Transportation |
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Code, as enacted by Section 71, Chapter 1287 (H.B. 2202), Acts of |
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the 83rd Legislature, Regular Session, 2013, is re-created by this |
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Act as a special fund in the state treasury outside the general |
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revenue fund, and all revenue dedicated for deposit to the credit of |
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the Texas Department of Motor Vehicles fund by a provision of |
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Chapter 1287 (H.B. 2202), Acts of the 83rd Legislature, Regular |
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Session, 2013, is rededicated by this Act for that purpose. |
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SECTION 2. On September 1, 2016, the comptroller shall |
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transfer from the general revenue fund to the credit of the Texas |
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Department of Motor Vehicles fund, as re-created by this Act, the |
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amount of $23 million. |
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SECTION 3. Except as specified by Section 2 of this Act, of |
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the revenue dedicated for deposit to the credit of the Texas |
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Department of Motor Vehicles fund by a provision of Chapter 1287 |
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(H.B. 2202), Acts of the 83rd Legislature, Regular Session, 2013, |
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the comptroller shall deposit to the credit of that fund only |
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revenue received on or after the effective date of this Act. |
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SECTION 4. This Act takes effect September 1, 2016. |