Relating to the deposit and appropriation of revenue received or collected by the Automobile Burglary and Theft Prevention Authority.
Impact
If passed, SB1348 would modify existing law to clarify the handling and appropriation of funds collected by the authority. The bill mandates that 50% of each fee collected under this provision would go directly to a subaccount intended for use by the department, reinforcing accountability and targeted funding for theft prevention initiatives. This targeted approach is expected to bolster efforts in combating automobile burglaries and thefts across Texas by ensuring that the resources necessary for such efforts are consistently available.
Summary
SB1348 proposes changes to the management of revenue received by the Automobile Burglary and Theft Prevention Authority. The bill specifically addresses how revenue collected from fees will be handled, ensuring that a specified portion is deposited into a dedicated subaccount within the Texas Department of Motor Vehicles fund. The intent behind the bill is to streamline the appropriation processes and ensure that funds are exclusively utilized for the purposes of the authority.
Contention
There may be some points of contention surrounding the bill regarding its financial implications and oversight provisions. Some stakeholders could raise concerns about the creation of a subaccount, questioning whether this will result in adequate monitoring and evaluation of fund usage. Additionally, discussions may arise about whether the approach taken by SB1348 effectively addresses broader concerns relating to theft prevention, including the accountability of how funds are disbursed and the efficiency of the authority’s programs funded through this legislation.
Proposing a constitutional amendment regarding the dedication by general law of money received by this state and money held in or deposited to an account or fund inside or outside the state treasury and the authorized expenditure or appropriation of money dedicated by general law.
Proposing a constitutional amendment relating to the appropriation of the net revenue received from the imposition of state sales and use taxes on sporting goods.
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.