TX
Texas House Bill HB3574

Texas 2013 - 83rd Regular

Texas House Bill HB3574

Filed
 
Out of House Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to the authority of the School Land Board to designate certain revenue for deposit in the real estate special fund account of the permanent school fund.

Impact

The changes proposed in HB 3574 could have significant implications for the management of state resources and the funding mechanisms for public education in Texas. By narrowing down the sources of revenue that can be deposited into the permanent school fund, the bill may streamline financial operations within the School Land Board. This could enhance accountability and transparency in how funds are allocated and utilized, leading to potentially more efficient management of the permanent school fund. However, it also raises questions about the long-term financial stability of the fund, particularly if less revenue is permitted into the account.

Summary

House Bill 3574 aims to amend the Natural Resources Code concerning the authority of the School Land Board in Texas regarding the designation of revenue for deposit into the real estate special fund account of the permanent school fund. The key focus of the bill is on the types of revenue that can be designated, specifically addressing the limitations on designating revenue obtained from mineral or royalty interests. This legislation seeks to refine the parameters within which the School Land Board can operate, particularly in financial contexts linked to land and mineral rights managed by the state.

Contention

While the bill has moved through the legislative process with support, there might be concerns regarding its overall impact on the funding levels of the permanent school fund. Critics may argue that the restrictions imposed by the bill could limit the Board's flexibility in managing finances, potentially reducing the funds available for educational purposes. Additionally, the interpretation of what constitutes 'revenue received from the sale of a mineral or royalty interest' could become a point of contention, leading to debates on the specifics of fund allocation and the Board's authority over various revenue streams.

Companion Bills

No companion bills found.

Previously Filed As

TX HB5092

Relating to formation, funding, and support of and the applicability of certain laws to charter schools.

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 SB2339

Relating to the investment or deposit of school district reserve funds and the establishment of a school reserves investment fund.

TX HB3781

Relating to special education in public schools, including the special education allotment under the Foundation School Program, an education savings account program for certain children with disabilities, and a grant program to reimburse public schools for the cost of certain employer contributions for retirees of the Teacher Retirement System of Texas employed to teach special education.

TX HB2504

Relating to the award of scholarship money by the Texas State Board of Public Accountancy to certain accounting students.

TX SB951

Relating to the award of scholarship money by the Texas State Board of Public Accountancy to certain accounting students.

TX SCR2

Extending the duty of the comptroller of public accounts under Section 7-c, Article VIII, Texas Constitution, to deposit certain tax revenue to the state highway fund.

TX SB1474

Relating to special education in public schools, including the special education allotment under the Foundation School Program, an education savings account program for certain children with disabilities, and a grant program to reimburse public schools for the cost of certain employer contributions for retirees of the Teacher Retirement System of Texas employed to teach or provide services related to special education.

TX HCR47

Extending the duty of the comptroller of public accounts under Section 7-c, Article VIII, Texas Constitution, to deposit certain tax revenue to the state highway fund.

TX SB2070

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.

Similar Bills

No similar bills found.