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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation and deposit of certain surplus state |
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revenue to the property tax relief fund for use in reducing school |
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district maintenance and operations ad valorem taxes and providing |
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compensation for teachers, counselors, and librarians employed in |
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public schools. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.109, Government Code, is amended by |
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adding Subsections (e) and (f) to read as follows: |
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(e) The comptroller shall: |
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(1) allocate for deposit to the credit of the general |
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revenue fund in an amount equal one-half of the unencumbered |
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positive balance of general revenues on the last day of the |
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preceding state fiscal biennium; and |
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(2) 75 percent of the one-half of the unencumbered |
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positive balance of the general revenues may be used only to provide |
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ad valorem tax relief by reducing school district maintenance and |
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operations ad valorem tax rates; and |
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(3) 25 percent of the one-half of the unencumbered |
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positive balance of the general revenues may be used only to provide |
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compensation for teachers, counselors, and librarians employed in |
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public schools; and |
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(4) periodically deposit to the credit of the fund the |
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general revenue allocated under Subdivision (1), with the final |
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deposit for that biennium to be made not later than the 90th day of |
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the next state fiscal biennium. |
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(f) Notwithstanding any other provision of this section, |
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money deposited to the credit of the fund under Subsection (e) may |
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be appropriated only to the Texas Education Agency for use in: |
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(1) providing property tax relief through reduction |
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other state compression percentage, as defined by Section |
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42.2516(a), Education Code. |
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(2) providing compensation for teachers, counselors, |
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and librarians employed in public schools. |
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SECTION 2. This Act applies beginning with the state fiscal |
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biennium beginning September 1, 2021. |
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SECTION 4. This Act takes effect January 1, 2020, but only |
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if the constitutional amendment proposed by the 86th Legislature, |
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Regular Session, 2019, limiting the rate of growth of |
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appropriations and the use of surplus state revenue to provide for |
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property tax relief and public school teacher compensation. If |
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that amendment is not approved by the voters, this Act has no |
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effect. |