| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the dedication of money received from the federal |
|
|
government as reimbursement for border security costs for ad |
|
|
valorem tax relief. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. The heading to Subchapter G, Chapter 403, |
|
|
Government Code, is amended to read as follows: |
|
|
SUBCHAPTER G. FUNDS AND REVENUE DEDICATIONS |
|
|
SECTION 2. Subchapter G, Chapter 403, Government Code, is |
|
|
amended by adding Section 403.108 to read as follows: |
|
|
Sec. 403.108. DEDICATION OF CERTAIN STATE MONEY FOR AD |
|
|
VALOREM TAX RELIEF. (a) Not later than the 90th day of each state |
|
|
fiscal year, the comptroller shall: |
|
|
(1) determine the amount of money received from the |
|
|
federal government by this state during the preceding state fiscal |
|
|
year as reimbursement for border security costs incurred by this |
|
|
state; and |
|
|
(2) deposit an amount of general revenue equal to the |
|
|
amount determined under Subdivision (1) to the credit of an account |
|
|
in the general revenue fund. |
|
|
(b) Money in the account described by Subsection (a)(2) may |
|
|
be appropriated by the legislature only to provide ad valorem tax |
|
|
relief. |
|
|
SECTION 3. This Act applies beginning with the state fiscal |
|
|
year beginning September 1, 2026. |
|
|
SECTION 4. This Act takes effect on the 91st day after the |
|
|
last day of the legislative session. |