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.
Impact
The implications of HB 4583 on state law are significant, as it alters the framework governing how funds operate within the state treasury. By abolishing redundant funds, the bill seeks to strike a balance between effective financial management and ensuring that critical programs remain funded. The Act contains provisions exempting specific funds, allowing for continuity in financing for essential services without the complications associated with redundant accounts. This represents an impactful move towards potential budgetary efficiency and clarity.
Summary
House Bill 4583 relates to the creation and re-creation of funds and accounts in the Texas state treasury, alongside the dedication and rededication of revenue. The bill aims to simplify fund management by abolishing previously created funds under the 81st Legislature, except for those explicitly exempted by the Act. This approach is intended to create a streamlined system that allows the state to manage its finances more effectively and ensures that revenue is utilized for its intended purposes while maintaining accountability.
Contention
Debate surrounding the bill primarily revolved around concerns of transparency and accountability. While supporters argued that abolishing unnecessary funds would promote greater clarity in fiscal operations, opponents expressed apprehensions that the elimination of certain funds could jeopardize the financing of vital public services. Additionally, the bill's effectiveness relies heavily on proper implementation and oversight to ensure that allocated revenues meet their designated purposes while also responding to the needs of the state’s constituents.
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.
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.
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.
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.
Proposing a constitutional amendment regarding the dedication by general law of money received by this state and money held in or deposited to an account or fund inside or outside the state treasury and the authorized expenditure or appropriation of money dedicated by general law.
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 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.
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.
Relating to measures to ensure the safety and welfare of the southern border region of this state, including protection from ongoing criminal activity and public health threats; creating a criminal offense; creating a civil penalty.
Relating to the funding of projects by the Public Utility Commission of Texas to promote the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.