| 1 | 1 | | 84R3131 CJC-D |
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| 2 | 2 | | By: Phillips H.B. No. 1370 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the allocation of certain motor vehicle sales tax |
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| 8 | 8 | | revenue to the state highway fund and to the uses of that revenue. |
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| 9 | 9 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 10 | | SECTION 1. Subchapter G, Chapter 152, Tax Code, is amended |
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| 11 | 11 | | by adding Section 152.1223 to read as follows: |
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| 12 | 12 | | Sec. 152.1223. ALLOCATION OF CERTAIN TAX REVENUE TO STATE |
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| 13 | 13 | | HIGHWAY FUND. (a) Notwithstanding Section 152.122, in each state |
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| 14 | 14 | | fiscal year beginning on or after September 1, 2017, the |
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| 15 | 15 | | comptroller shall deposit to the credit of the state highway fund |
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| 16 | 16 | | all money that: |
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| 17 | 17 | | (1) is received under Sections 152.047 and 152.121, is |
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| 18 | 18 | | derived from the tax imposed under Section 152.021, and is |
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| 19 | 19 | | remaining after the comptroller makes the allocation required by |
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| 20 | 20 | | Section 152.1222; and |
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| 21 | 21 | | (2) exceeds the first $2.5 billion of money described |
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| 22 | 22 | | by Subdivision (1) that is received in that fiscal year. |
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| 23 | 23 | | (b) Money deposited to the credit of the state highway fund |
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| 24 | 24 | | under this section may be appropriated only to: |
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| 25 | 25 | | (1) construct, maintain, or acquire rights-of-way for |
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| 26 | 26 | | public roadways other than toll roads; or |
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| 27 | 27 | | (2) repay the principal and interest on general |
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| 28 | 28 | | obligation bonds issued as authorized by Section 49-p, Article III, |
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| 29 | 29 | | Texas Constitution. |
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| 30 | 30 | | SECTION 2. This Act takes effect September 1, 2015. |
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