TX
Texas Senate Bill SB1588

Texas 2011 - 82nd Regular

Texas Senate Bill SB1588

Filed
 
Introduced
3/11/11  
Out of Senate Committee
5/6/11  
Voted on by Senate
5/11/11  
Refer
3/23/11  
Out of House Committee
5/20/11  
Report Pass
5/6/11  
Voted on by House
5/25/11  
Engrossed
5/11/11  
Governor Action
6/17/11  
Refer
5/11/11  
Bill Becomes Law
 
Report Pass
5/19/11  
Enrolled
5/29/11  
Enrolled
5/29/11  
Passed
6/17/11  

Caption

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

Impact

By enacting SB1588, the Texas Legislature intends to streamline the financial management of state agencies. The measure outlines that any funds or accounts previously established or modified by legislation following the 82nd Legislative session will be abolished unless explicitly stated otherwise. This reform is expected to create a more organized fiscal environment, enabling the state to handle its revenues more efficiently and adhere to statutory requirements concerning funds. Additionally, by ensuring that unappropriated funds are safeguarded from general governmental use, the bill helps maintain fiscal integrity and accountability.

Summary

Senate Bill 1588 focuses on the management of state funds and accounts within Texas's governmental structure. The bill aims to establish protocols concerning the creation and re-creation of funds, along with the dedication and rededication of different revenues. It emphasizes the importance of ensuring that unappropriated money is exempt from being used for general governmental purposes. This aspect of the bill is crucial for maintaining specific fund allocations intended for defined state purposes and preventing unplanned diversions of financial resources.

Contention

Resistance to SB1588 may emerge from concerns about the potential overreach of state financial control over local subdivisions. Critics might argue that the measure limits the capability of independent funds to operate flexibly, possibly constricting responsive actions to local financial needs or emergencies. The balance between maintaining dedicated funds and giving local governments the autonomy to manage their own financial resources remains a contentious issue among legislatures, advocates for government transparency, and local governance supporters.

Latest TX SB1588 Activity

View All Events: TX 2011 - 82nd Regular SB1588

Companion Bills

TX HB3644

Identical Relating to the creation and re-creation of funds and accounts in the state treasury, the dedication and rededication of revenue, and the exemption of unappropriated money from use for general governmental purposes.

Previously Filed As

TX HB3461

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.

TX SB1508

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.

TX HJR27

Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX HJR111

Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, the Texas emissions reduction plan fund, and the property tax relief fund.

TX HB15

Relating to the creation of the Mental Health and Brain Research Institute of Texas.

TX HJR1

Proposing a constitutional amendment creating the state school safety fund to provide ongoing financial support for projects that ensure the safety of public schools in this state and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX SJR1

Proposing a constitutional amendment providing for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.

TX SB895

Relating to the regulation of money services businesses; creating a criminal offense; creating administrative penalties; authorizing the imposition of a fee.

TX HB5

Relating to agreements authorizing a limitation on taxable value of certain property to provide for the creation of jobs and the generation of state and local tax revenue; authorizing fees; authorizing penalties.

TX SB857

Relating to the use of the electric generating facility fund to finance construction and maintenance of electric generating and transmission facilities in the ERCOT power region; authorizing an assessment.

Similar Bills

No similar bills found.