Bill Text: TX HB4239 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the allocation and dedication of certain revenue to the foundation school fund, the economic stabilization fund, and the state highway fund.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-25 - Referred to Appropriations [HB4239 Detail]
Download: Texas-2019-HB4239-Introduced.html
By: Goodwin | H.B. No. 4239 |
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relating to the allocation and dedication of certain revenue to the | ||
foundation school fund, the economic stabilization fund, and the | ||
state highway fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 316.093, Government Code, is amended by | ||
amending Subsections (c) and (f) and adding Subsections (d) and | ||
(e-1) to read as follows: | ||
(c) If under Section 316.092 a sufficient balance has not | ||
been adopted for the comptroller to consider under this section, | ||
the comptroller shall adjust the allocation of amounts to be | ||
transferred to the fund and to the state highway fund provided by | ||
Section 49-g(c), Article III, Texas Constitution, so that the total | ||
of those amounts is transferred to the foundation school fund | ||
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(d) If the sum described by Subsection (a) is equal to or | ||
greater than the sufficient balance adopted under Section 316.092, | ||
the comptroller shall adjust the allocation provided by Section | ||
49-g(c-1), Article III, Texas Constitution, of the amounts to be | ||
transferred under Section 49-g(c) of that article so that one-half | ||
of the total of the amounts is allocated to be transferred to the | ||
state highway fund, a portion of that total is allocated to be | ||
transferred to the economic stabilization fund only to the extent a | ||
transfer is necessary for that fund's balance to equal the adopted | ||
sufficient balance, and the remainder of that total, if any, is | ||
allocated to be transferred to the foundation school fund. | ||
(e-1) Money allocated to be transferred to the foundation | ||
school fund under this section may be used only for the purposes of | ||
public primary and secondary education. | ||
(f) Subsections (a), (b), [ |
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subsection expire December 31, 2024. | ||
SECTION 2. This Act takes effect January 1, 2020, but only | ||
if the constitutional amendment proposed by the 86th Legislature, | ||
Regular Session, 2019, authorizing the legislature to provide for | ||
certain revenues otherwise allocated for transfer to the economic | ||
stabilization fund to be used for purposes related to public | ||
primary and secondary education is approved by the voters. If that | ||
amendment is not approved by the voters, this Act has no effect. |