Texas Senate Bill SB1276

Texas 2015 - 84th Regular

Caption

Relating to the amounts, availability, and use of certain statutorily dedicated revenue and accounts; reducing or affecting the amounts or rates of certain statutorily dedicated fees and assessments.

Impact

This bill is expected to have significant implications on state funding for programs that depend heavily on the dedicated accounts mentioned. Particularly, education initiatives that receive financial support from specific funds may experience changes in their funding sources, as the bill allows for the potential redirection of revenue from one account to another. Stakeholders in educational sectors and social welfare may need to adapt quickly to ensure continuity of their programs and services, depending on how the bill is implemented.

Summary

Senate Bill 1276 addresses the management of certain statutorily dedicated revenue and accounts in the State of Texas. The bill seeks to amend various sections of the Business & Commerce Code, Education Code, and Government Code to clarify the allocation and use of funds generated from specific fees and assessments. Key provisions will adjust how revenues are deposited, potentially redirecting funds to the general revenue fund. Additionally, the bill outlines procedural changes for state agencies regarding financial management and reporting duties related to dedicated accounts.

Contention

Notably, there are concerns surrounding the bill's impact on local government revenues and the autonomy of local agencies in managing dedicated funds. Opponents argue that reducing or reallocating statutorily dedicated fees could undermine local control, leading to deficits in funding for crucial local programs. Proponents, however, advocate that streamlining revenue management will enhance state financial oversight and efficiency, ultimately benefitting the broader fiscal health of the state.