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A BILL TO BE ENTITLED
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AN ACT
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relating to disposition of motor vehicle registration fees |
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collected by a county assessor-collector. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 502.198(b) and (c), Transportation |
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Code, are amended to read as follows: |
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(b) Each Tuesday, a county assessor-collector shall credit |
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to the county road and bridge fund an amount equal to the net |
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collections made during the preceding week until the amount so |
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credited for the calendar year equals the total of: |
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(1) $200,000 [$60,000]; and |
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(2) $600 [$350] for each mile of county road |
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maintained by the county, according to the most recent information |
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available from the department, not to exceed 500 miles. |
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(c) After the credits to the county road and bridge fund |
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equal the total computed under Subsection (b), each Tuesday the |
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county assessor-collector shall: |
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(1) credit to the county road and bridge fund an amount |
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equal to 50 percent of the net collections made during the preceding |
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week, until the amount so credited for the calendar year equals |
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$500,000 [$125,000]; and |
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(2) send to the department an amount equal to 50 |
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percent of those collections for deposit to the credit of the state |
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highway fund. |
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SECTION 2. This Act takes effect September 1, 2023. |