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A BILL TO BE ENTITLED
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AN ACT
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relating to the Texas Media Production Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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ARTICLE 1. TEXAS MEDIA PRODUCTION FUND |
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SECTION 1. Subchapter C, Chapter 485, Government Code, is |
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amended by adding Section 485.048 to read as follows: |
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Sec. 485.048. TEXAS MEDIA PRODUCTION. (a) In this section, |
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"Fund" means the Texas Media Production Fund established under |
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Section 485.047, Government Code. |
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(b) The Texas Media Production Fund is established as a trust |
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fund outside the state treasury to be held by the comptroller and |
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administered by the commission as trustee. Money in the fund may be |
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spent without legislative appropriation and may be used only as |
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provided by this chapter. Separate accounts may be established in |
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the Texas Media Production Fund as determined by the Comptroller. |
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Interest and other earnings on the balance of the fund shall be |
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credited to the fund. |
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(c) The fund consists of: |
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(1) money transferred or deposited to the credit of |
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the fund by general law, |
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(2) the proceeds of any fee or tax imposed by this |
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state that by statute is dedicated for deposit to the credit of the |
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fund; |
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(3) any other revenue that the legislature by statute |
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dedicates for deposit to the credit of the fund; |
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(4) investment earnings and interest earned on amounts |
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credited to the fund; or |
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(5) appropriations of state or federal funds as |
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determined by the Legislature. |
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(d) This fund may only be used for purposes allowed under |
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Chapter 485, Subchapter B, Government Code. |
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SECTION 2. Section 156.2511, Tax Code, is amended to read as |
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follows: |
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Sec. 156.2511. ALLOCATION OF CERTAIN REVENUE. (a) Not |
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later than the last day of the month following a calendar quarter, |
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the comptroller shall: |
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(1) compute the amount of revenue derived from the |
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collection of taxes imposed under this chapter at a rate of two |
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percent and received from hotels located in an eligible coastal |
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municipality that has created a park board of trustees to |
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administer public beaches under Chapter 306, Local Government Code; |
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and |
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(2) issue to the eligible coastal municipality a |
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warrant drawn on the general revenue fund in the amount computed |
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under Subdivision (1). |
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(b) An eligible coastal municipality may use money received |
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under this section only to clean and maintain public beaches in that |
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municipality. |
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(c) Section 403.094(h), Government Code, does not apply to |
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funds described by Subsection (a). |
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(d) In this section: |
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(1) "Eligible coastal municipality" has the meaning |
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assigned by Section 351.001. |
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(2) "Clean and maintain" has the meaning assigned by |
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Section 61.063, Natural Resources Code. |
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(e) On September 1 of each fiscal year an amount not to |
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exceed $50,000,000 per year shall be transferred to the Texas Media |
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Production Fund by appropriation from the Comptroller's Fiscal |
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Affairs Programs in the General Appropriations Act. |
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SECTION 3. Except as otherwise provided by this Act, this |
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Act takes effect September 1, 2023. |