Relating to directing certain surplus revenue to water infrastructure funding.
Impact
If enacted, HB 1317 would have a significant impact on Texas state law, particularly concerning how surplus revenue is allocated. By amending the Government Code and Water Code, the bill establishes a framework for redirecting funds that might otherwise bolster the Economic Stabilization Fund, instead using those resources to support water-related projects. This not only impacts fiscal policies but also signals a legislative priority on enhancing water infrastructure in Texas.
Summary
House Bill 1317 aims to direct certain surplus revenue to fund water infrastructure initiatives in Texas. The bill stipulates that if the state comptroller decreases the amount that would typically be transferred to the Economic Stabilization Fund, an equivalent amount will be redirected to the newly created state water implementation fund. This mechanism is designed to enhance financial support for water infrastructure projects, which are critical in addressing the state's long-term water supply challenges.
Sentiment
The overall sentiment surrounding HB 1317 appears to be supportive, especially among legislators who prioritize water security and infrastructure. Advocates argue that directing surplus funds to water projects is a pragmatic approach to addressing the critical needs in this area, reflecting a proactive legislative strategy. However, there may also be underlying concerns regarding the potential implications for the Economic Stabilization Fund, as it could limit financial reserves intended for emergencies.
Contention
One notable point of contention around HB 1317 involves the balance between maintaining a robust Economic Stabilization Fund and the urgent need for water infrastructure funding. Critics may assert that focusing surplus revenue on water projects could weaken the state’s financial buffer for unforeseen circumstances. This debate reflects a broader discussion about prioritizing long-term infrastructure needs against immediate fiscal responsibilities and ensuring that the state can adequately prepare for future financial uncertainties.
Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy fund, and the state highway fund.
Proposing a constitutional amendment providing for the dedication of certain sales and use tax revenue to a special fund established in the state treasury to pay for water infrastructure in this state.
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.
Relating to payments by the comptroller of public accounts to employees, vendors, annuitants, and other recipients of state-issued payments through the electronic funds transfer system or by electronic pay card.
Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy fund, and the state highway fund.
Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy fund, and the state highway fund.
Relating to the abolition of the Texas Facilities Commission and the transfer of its duties to the comptroller, General Land Office, and State Preservation Board.