Bill Text: TX SJR42 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the legislature to permit the Texas Transportation Commission, subject to legislative review and approval, to designate the area adjacent to a state highway project as a transportation finance zone and authorizing the revenue from the state sales and use taxes imposed in the zone to be deposited in a revolving fund and used to repay financial assistance provided from the fund for certain purposes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-04-18 - Left pending in committee [SJR42 Detail]
Download: Texas-2011-SJR42-Introduced.html
2011S0640-1 03/08/11 | ||
By: Ogden | S.J.R. No. 42 |
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proposing a constitutional amendment authorizing the legislature | ||
to permit the Texas Transportation Commission, subject to | ||
legislative review and approval, to designate the area adjacent to | ||
a state highway project as a transportation finance zone and | ||
authorizing the revenue from the state sales and use taxes imposed | ||
in the zone to be deposited in a revolving fund and used to repay | ||
financial assistance provided from the fund for certain purposes. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Article III, Texas Constitution, is amended by | ||
adding Section 68 to read as follows: | ||
Sec. 68. TRANSPORTATION FINANCE ZONES. (a) The | ||
legislature by general law may authorize the Texas Transportation | ||
Commission or its successor to designate as a transportation | ||
finance zone an area defined by general law that is adjacent to the | ||
right-of-way of an existing or proposed state highway project. The | ||
designation of an area as a transportation finance zone must be | ||
reviewed and approved by the legislature before the designation may | ||
take effect. | ||
(b) The legislature by general law may authorize proceeds of | ||
a state tax that is established by general law and imposed on the | ||
sale of a taxable item in this state or on the storage, use, or other | ||
consumption in this state of a taxable item purchased from a | ||
retailer for storage, use, or other consumption in this state to be | ||
deposited into a revolving fund authorized by law, if the sale or | ||
use is consummated within the boundaries of a transportation | ||
finance zone. | ||
(c) Money collected within the boundaries of a | ||
transportation finance zone and deposited to the credit of a | ||
revolving fund under this section may only be used for the repayment | ||
of financial assistance provided from the revolving fund for | ||
highway projects within the transportation finance zone in which | ||
the taxes were collected as provided by law. The legislature may | ||
limit the amount of money the comptroller of public accounts may | ||
deposit to the credit of the fund in any state fiscal year under | ||
this section. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 8, 2011. | ||
The ballot shall be printed to permit voting for or against the | ||
proposition: "The constitutional amendment authorizing the | ||
legislature to permit the Texas Transportation Commission, subject | ||
to legislative review and approval, to designate the area adjacent | ||
to a state highway project as a transportation finance zone and | ||
authorizing the revenue from the state sales and use taxes imposed | ||
in the zone to be deposited in a revolving fund and used to repay | ||
financial assistance provided from the fund for certain purposes." |