The bill, S.B. No. 403, proposes the dedication of certain state funds specifically for ad valorem tax relief. It amends the heading of Subchapter G, Chapter 403 of the Government Code to include "AND REVENUE DEDICATIONS." Additionally, it introduces a new section, 403.108, which mandates that by the 90th day of each state fiscal year, the comptroller must determine the amount of federal reimbursement received for border security costs from the previous fiscal year. This amount will then be deposited into a designated account within the general revenue fund.

Furthermore, the bill stipulates that the funds in this account can only be appropriated by the legislature for the purpose of providing ad valorem tax relief. The provisions of this act will take effect on September 1, 2025, and will apply starting with the state fiscal year that begins on September 1, 2027.

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