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SENATE 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, use, or rental of a motor |
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vehicle to the 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 (c) of this section, |
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the net revenue derived from the tax authorized by Chapter 152, Tax |
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Code, or its successor, and imposed on the sale, use, or rental of a |
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motor vehicle that exceeds the first $2.5 billion of that revenue |
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coming into the treasury in a state fiscal year shall be deposited |
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as follows: |
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(1) the next $2.5 billion of that revenue coming into |
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the treasury in that state fiscal year shall be deposited to the |
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credit of the state highway fund; and |
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(2) any additional revenue to which this subsection |
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applies that comes into the treasury in that state fiscal year shall |
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be deposited: |
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(A) one-half to the credit of the state highway |
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fund; and |
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(B) the remainder to the credit of the general |
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revenue fund. |
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(b) Money deposited to the credit of the state highway fund |
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under this section may be 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 of 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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(c) 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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$5 billion coming into the treasury for purposes of Subsection (a) |
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of this section, and the requirements applicable to the deposit of |
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money in excess of $2.5 billion prescribed by Subsection (a) of this |
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section do not apply to that revenue to the extent general law |
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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, use, or rental of a motor vehicle 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)(1) or (2)(A), Article VIII, of this |
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constitution applies for any purpose other than a purpose described |
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by Section 7-c(b), 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 8, 2016. |
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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, use, or rental of |
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a motor vehicle to the state highway fund." |
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