84R3130 CJC-D
 
  By: Nichols, Nelson S.J.R. No. 5
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment dedicating certain revenue
  derived from the tax imposed on the sale of motor vehicles to the
  state highway fund.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article VIII, Texas Constitution, is amended by
  adding Section 7-c to read as follows:
         Sec. 7-c.  (a)  Subject to Subsection (b) of this section,
  all net revenue derived from the tax authorized by Chapter 152, Tax
  Code, or its successor, and imposed on the sale of a motor vehicle
  sold in this state that exceeds the first $2.5 billion of that
  revenue coming into the treasury for a state fiscal year shall be
  deposited to the credit of the state highway fund and 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,
  of this constitution.
         (b)  Revenue described by Subsection (a) of this section
  that, under general law in effect on January 1, 2015, was required
  to be deposited to the credit of a fund outside the general revenue
  fund from which money could be appropriated only for a purpose that
  decreases the rates of, or reduces reliance on, ad valorem taxes
  imposed to fund public schools is not included as part of the first
  $2.5 billion coming into the treasury for purposes of Subsection
  (a) of this section, and is not subject to the requirements
  applicable to the deposit of money in excess of $2.5 billion
  prescribed by Subsection (a) of this section, to the extent general
  law continues to require the deposit of that revenue as described by
  this subsection and limit the appropriation of that revenue to the
  purpose described by this subsection.
         SECTION 2.  The following temporary provision is added to
  the Texas Constitution:
         TEMPORARY PROVISION.  (a) This temporary provision applies
  to the constitutional amendment proposed by the 84th Legislature,
  Regular Session, 2015, dedicating certain revenue derived from the
  tax imposed on the sale of a motor vehicle sold in this state to the
  state highway fund.
         (b)  The changes to Article VIII of this constitution made by
  the amendment take effect September 1, 2017.
         (c)  Beginning with the state fiscal year beginning on
  September 1, 2017, the legislature may not appropriate any revenue
  to which Section 7-c(a), Article VIII, of this constitution applies
  for any purpose other than a purpose described by Section 7-c(a),
  Article VIII, of this constitution.
         (d)  This temporary provision expires September 1, 2018.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 3, 2015.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment dedicating certain
  revenue derived from the tax imposed on the sale of a motor vehicle
  sold in this state to the state highway fund."