Texas Senate Bill SB2179

Texas 2019 - 86th Regular

Caption

Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.

Impact

The bill stipulates that all funds and accounts created or re-created by the 86th Legislature that became law are to be abolished unless specified otherwise. This aspect is particularly impactful as it seeks to reduce redundancy and potential confusion in fund management, ensuring that only necessary and functioning funds remain operational. The intention is to streamline the financial processes associated with state-managed funds, potentially leading to more efficient use of state resources.

Summary

SB2179, relating to the creation and re-creation of funds and accounts, addresses the financial management of dedicated revenues and accounts within the state of Texas. The bill outlines the procedures for establishing these funds and accounts, as well as the processes involved in dedicating or rededicating revenue collected by state agencies. It focuses on ensuring that such financial provisions are transparent and in compliance with state laws, thereby promoting effective financial oversight and accountability.

Contention

One of the notable points of contention around SB2179 may lie in its broad authority granted to the Comptroller for managing dedicated revenue, particularly concerning previously established funds. While proponents argue that it provides the state with greater flexibility in reallocating resources to meet urgent needs, opponents may express concerns that it undermines the specific purposes for which these funds were originally designated. The bill seeks to balance these interests by preserving certain exemptions for funds mandated by federal law or specific constitutional requirements.