Relating to money allocated under the federal-aid highway program.
Impact
The proposed legislation could alter the landscape of transportation funding in Texas. By choosing to opt-out of the federal program, Texas might have the opportunity to tap into tax revenues that are directly generated by highway users in the state. This could mean more direct control over how these funds are utilized, potentially allowing for investments that more accurately reflect the needs and conditions of Texas highways and infrastructure.
Summary
House Bill 1485 proposes a significant change to the allocation of funds under the federal-aid highway program in Texas. The bill allows the governor to waive the state's right to receive federal funds and instead opt to receive a portion of the taxes that are paid into the Highway Trust Fund. This approach could provide Texas with greater flexibility and autonomy in managing its transportation funding, enabling the state to allocate resources based on its own priorities rather than adhering strictly to federal guidelines.
Contention
However, the bill does raise some points of contention regarding its implications for local and state infrastructure funding. Critics may argue that withdrawing from the federal-aid highway program could limit the financial resources available for transportation projects, especially if the federal funds are significant in Texas’s current budget. Furthermore, concerns regarding the study required by the comptroller to assess the costs and benefits of such a withdrawal could also lead to debates about the efficacy and prudence of the proposed opt-out, as it involves complex calculations of potential revenue loss and infrastructure needs.
Relating to measures for ensuring safety and security in public schools, including the establishment of a school safety grant program and a school safety plan implementation grant program, and the allocation of certain constitutional transfers of money to the state school safety fund, the economic stabilization fund, and the state highway fund.
Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.
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 the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, the Texas emissions reduction plan fund, the property tax relief fund, and the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.