84R13756 MTB-F
By: Rodriguez of Travis H.B. No. 2915
A BILL TO BE ENTITLED
AN ACT
relating to the transfer of certain general revenue to the Texas
rail relocation and improvement fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The heading to Section 316.093, Government Code,
is amended to read as follows:
Sec. 316.093. ADJUSTMENT OF CONSTITUTIONAL ALLOCATIONS TO
FUND, TEXAS RAIL RELOCATION AND IMPROVEMENT FUND, AND STATE HIGHWAY
FUND.
SECTION 2. Sections 316.093(b), (c), and (e), Government
Code, are amended to read as follows:
(b) If the sum described by Subsection (a) is less than the
sufficient balance adopted under Section 316.092, the comptroller
shall reduce the allocations [allocation] to the Texas rail
relocation and improvement fund and the state highway fund provided
by Section 49-g(c), Article III, Texas Constitution, and increase
the allocation to the economic stabilization fund, in an [equal]
amount equal to the reductions, until the sufficient balance
adopted under Section 316.092 is achieved. The reductions under
this subsection must be made so that the allocation to a fund is
reduced by the same percentage by which the allocation to the other
fund is reduced.
(c) If under Section 316.092 a sufficient balance has not
been adopted for the comptroller to consider under this section,
the comptroller shall adjust the allocation of amounts to be
transferred to the fund, the Texas rail relocation and improvement
fund, and [to] the state highway fund provided by Section 49-g(c),
Article III, Texas Constitution, so that the total of those amounts
is transferred to the economic stabilization fund, except that the
comptroller shall reduce a transfer made under this subsection as
necessary to prevent the amount in the fund from exceeding the limit
in effect for that biennium under Section 49-g(g) of that article.
(e) For the purposes of Section 49-g(c-2), Article III,
Texas Constitution, the comptroller shall adjust the allocation
provided by Section 49-g(c-1) of that article of amounts to be
transferred to the fund, the Texas rail relocation and improvement
fund, and [to] the state highway fund under Section 49-g(c) of that
article in a state fiscal year beginning on or after September 1,
2025, so that the total of those amounts is transferred to the
economic stabilization fund, except that the comptroller shall
reduce a transfer made under this subsection as necessary to
prevent the amount in the fund from exceeding the limit in effect
for that biennium under Section 49-g(g) of that article.
SECTION 3. This Act takes effect on the date on which the
constitutional amendment proposed by the 84th Legislature, Regular
Session, 2015, providing for the transfer of certain general
revenue to the Texas rail relocation and improvement fund takes
effect. If that amendment is not approved by the voters, this Act
has no effect.