Bill Text: TX HB3626 | 2019-2020 | 86th Legislature | Introduced


Bill Title: Relating to the comptroller's administration of federal money and certain general revenue and to the use of certain general revenue for property tax relief.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2019-03-19 - Referred to Appropriations [HB3626 Detail]

Download: Texas-2019-HB3626-Introduced.html
  86R13017 KJE-D
 
  By: Schaefer H.B. No. 3626
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the comptroller's administration of federal money and
  certain general revenue and to the use of certain general revenue
  for property tax relief.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 403, Government Code, is
  amended by adding Section 403.0123 to read as follows:
         Sec. 403.0123.  FEDERAL MONEY DEPOSITED TO TREASURY. (a)  
  The comptroller may not deposit to the credit of the general revenue
  fund money received from the federal government.  The comptroller
  shall account for and administer federal money separately from
  money in the general revenue fund in a manner that ensures federal
  money is used for the purposes for which federal money is received.
         (b)  To facilitate the administration of federal money under
  this section or other law, the comptroller may:
               (1)  designate or create a fund or account in the
  treasury for the deposit of federal money and any interest or other
  earnings on the federal money; or
               (2)  merge, consolidate, or segregate funds or accounts
  or money deposited to funds or accounts.
         (c)  This section prevails over other general law that
  provides for money received from the federal government, or
  earnings on money received from the federal government, to be
  deposited to the credit of the general revenue fund.  To the extent
  of any other conflict between this section and other law, this
  section controls.
         SECTION 2.  Section 403.109, Government Code, is amended by
  adding Subsections (e), (f), and (g) to read as follows:
         (e)  Each time the comptroller, as provided by Section
  49-g(b) or (c), Article III, Texas Constitution, reduces an amount
  of general revenue that otherwise is to be transferred to the
  economic stabilization fund, the comptroller at the same time shall
  transfer to the credit of the property tax relief fund an amount of
  general revenue equal to the amount by which the comptroller
  reduced the amount of the transfer to the economic stabilization
  fund.
         (f)  Each time the comptroller, as provided by Section
  49-g(i), Article III, Texas Constitution, credits to general
  revenue interest otherwise due to the economic stabilization fund,
  the comptroller at the same time shall transfer to the credit of the
  property tax relief fund an amount of general revenue equal to the
  amount of the interest credited to general revenue.
         (g)  Notwithstanding any other provision of this section,
  money deposited to the credit of the property tax relief fund under
  Subsection (e) or (f) may be appropriated only to the Texas
  Education Agency for use in providing property tax relief through
  reduction of the state compression percentage, as defined by
  Section 42.2516(a), Education Code.
         SECTION 3.  This Act takes effect September 1, 2019.
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