Texas 2017 - 85th Regular

Texas Senate Bill SB2218

Caption

Relating to the creation and re-creation of funds and accounts in the state treasury, the dedication and rededication of revenue, and the exemption of unappropriated money from use for general governmental purposes.

Impact

The legislation's impact centers on the state treasury's operations, particularly how revenue can be allocated and utilized. By abolishing previously established funds and accounts, with certain exceptions, the bill aims to prevent redundancy and ensure clearer oversight of state financial resources. This could lead to a more efficient use of public funds while meeting the necessary legal and procedural requirements of state funding.

Summary

SB2218 aims to regulate the establishment and management of funds and accounts within the Texas state treasury, focusing on the dedication and rededication of revenue. The bill abolishes certain funds and accounts that were created under previous legislation, specifically from the 85th Legislature's Regular Session in 2017, to streamline the financial management processes within the state. This initiative is part of ongoing efforts to improve fiscal responsibility and ensure that funds are used effectively for their designated purposes.

Contention

Despite its aims of enhancing financial clarity and accountability, SB2218 may face opposition from those concerned about potential overreach and the confusion that may arise from abolishing previously established funds. Stakeholders may argue that certain dedicated revenues should remain intact to cater to specific public needs. Thus, while the bill seeks to provide the state with greater control over financial resources, it may also challenge sentiments surrounding local funding autonomy and transparency.

Companion Bills

No companion bills found.

Previously Filed As

TX HB3461

Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.

TX SB1508

Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.

TX HJR27

Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX HJR169

Proposing a constitutional amendment providing for the dedication of certain sales and use tax revenue to a special fund established in the state treasury to pay for water infrastructure in this state.

TX HJR41

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.

TX HJR111

Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, the Texas emissions reduction plan fund, and the property tax relief fund.

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 HB3050

Relating to the creation of the Texas state buildings preservation endowment fund, including the transfer to the fund of the unencumbered balances of certain other funds.

TX SB1333

Relating to the creation of the Texas state buildings preservation endowment fund, including the transfer to the fund of the unencumbered balances of certain other funds.

TX HJR203

Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy fund, and the state highway fund.

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