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A BILL TO BE ENTITLED
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AN ACT
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relating to a one-time cash payment to certain residents of this |
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state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The comptroller shall make a one-time |
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payment of $500 to each eligible resident of this state, as provided |
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by this section. |
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(b) For purposes of this section, an individual is eligible |
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to receive a payment under this section only if the individual: |
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(1) is 18 years of age or older; |
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(2) resides in and is lawfully present in the state; |
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and |
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(3) is not incarcerated at the time of applying. |
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(c) An individual must apply to the comptroller to receive a |
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payment under this section. The comptroller by rule shall adopt an |
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application form and a process to verify information: |
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(1) attesting an applicant's eligibility for the |
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payment; and |
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(2) necessary for the applicant to receive the |
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payment. |
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(d) An amount, estimated not to exceed $15 billion, is |
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appropriated from the economic stabilization fund to the |
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comptroller for the state fiscal biennium beginning September 1, |
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2023, to provide a payment under this section to each eligible |
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resident of this state and to pay costs incurred in facilitating the |
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payments. |
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SECTION 2. This Act takes effect September 1, 2023. |