The bill, H.B. No. 5276, 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" and introduces a new section, 403.108, which outlines the responsibilities of the comptroller. By the 90th day of each state fiscal year, the comptroller is required to determine the amount of federal reimbursement received for border security costs and deposit an equivalent amount 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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