Texas 2017 - 85th Regular

Texas Senate Bill SJR53

Caption

Proposing a constitutional amendment relating to limiting the permissible uses of money appropriated from the economic stabilization fund.

Note

As SJR53 is positioned to be put to a vote, discussions surrounding its implications will likely explore the balance between ensuring fiscal prudence and meeting evolving community infrastructure demands.

Impact

The passage of SJR53 would necessitate a change in the Texas Constitution, directly affecting how the economic stabilization fund can be appropriated. This bill emphasizes fiscal responsibility by restricting how these resources can be allocated, potentially directing funds toward critical needs such as disaster response and debt retirement without a broad application for diverse transportation needs.

Summary

SJR53 proposes a constitutional amendment to limit the permissible uses of money appropriated from the economic stabilization fund. The amendment allows the legislature to appropriate funds from this reserve by a two-thirds vote for specific purposes including retiring state debt, covering costs associated with a declared disaster, and funding nonrecurring costs for roadway infrastructure projects. However, it explicitly excludes costs related to toll roads, pedestrian and bicycle accommodations, mass transit, or multimodal transportation projects. This bill aims to provide clarity and restrictions on how these funds can be utilized.

Contention

Notable points of contention surrounding SJR53 arise from the exclusion of significant areas from funding eligibility. Critics may argue that limiting appropriations for public transportation and related infrastructure could undermine local efforts to enhance mobility and connectivity within communities. Advocates for public transit may feel that this amendment could further entrench transportation disparities and limit necessary investments in sustainable transportation solutions.

Companion Bills

No companion bills found.

Previously Filed As

TX SJR56

Proposing a constitutional amendment to raise the maximum allowable amount of money in the economic stabilization fund.

TX HB1392

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.

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 HB2207

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.

TX SJR41

Proposing a constitutional amendment lowering the maximum allowable amount of money in the economic stabilization fund and dedicating certain general revenue to reducing school district maintenance and operations ad valorem taxes.

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 HB5227

Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the Texas legacy fund, and the state highway fund and to the management and investment of the economic stabilization fund, the Texas legacy fund, and the Texas legacy distribution fund.

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.

TX HJR204

Proposing a constitutional amendment authorizing the use of money in the state highway fund for transit-oriented projects.

TX HJR3

Proposing a constitutional amendment relating to the Texas University Fund, which provides funding to certain institutions of higher education to achieve national prominence as major research universities and drive the state economy.

Similar Bills

No similar bills found.