Bill Summary – FastDemocracy

   
      88(3) HB 28 - Introduced version - Bill Text
      
            88S30049 KJE-D
         
		By:  Bell, Cecil
            H.B.  No.  28
         
               A BILL TO BE ENTITLED
            
               AN ACT
            
            relating to the allocation and deposit of certain surplus state 
         
            revenue to the property tax relief fund for use in reducing school 
         
            district maintenance and operations ad valorem taxes.
         
                          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                          SECTION  1.    Section 403.109, Government Code, is amended by 
         
            adding Subsections (e) and (f) to read as follows:
         
                          (e)    Not later than the 90th day after the last day of each 
         
            state fiscal biennium, the comptroller shall deposit to the credit 
         
            of the fund general revenue in an amount equal to one-half of the 
         
            amount by which the total available general revenue for that 
         
            biennium at the end of the biennium exceeds the amount of total 
         
            available general revenue stated in the comptroller's biennial 
         
            revenue estimate for that biennium.
         
                          (f)    Notwithstanding any other provision of this section, 
         
            money deposited to the credit of the fund under Subsection (e) 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 48.255, Education 
         
            Code.
         
                          SECTION  2.    This Act applies beginning with the state fiscal 
         
            biennium beginning September 1, 2025.
         
                          SECTION  3.    This Act takes effect on the 91st day after the 
         
            last day of the legislative session.
         
Statutes affected: 
Introduced: Government Code 403.109 (Government Code 403)



	A BILL TO BE ENTITLED
	AN ACT
	relating to the allocation and deposit of certain surplus state
	revenue to the property tax relief fund for use in reducing school
	district maintenance and operations ad valorem taxes.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 403.109, Government Code, is amended by
	adding Subsections (e) and (f) to read as follows:
	(e) Not later than the 90th day after the last day of each
	state fiscal biennium, the comptroller shall deposit to the credit
	of the fund general revenue in an amount equal to one-half of the
	amount by which the total available general revenue for that
	biennium at the end of the biennium exceeds the amount of total
	available general revenue stated in the comptroller's biennial
	revenue estimate for that biennium.
	(f) Notwithstanding any other provision of this section,
	money deposited to the credit of the fund under Subsection (e) 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 48.255, Education
	Code.
	SECTION 2. This Act applies beginning with the state fiscal
	biennium beginning September 1, 2025.
	SECTION 3. This Act takes effect on the 91st day after the
	last day of the legislative session.