| 1 | 1 | | 86R13017 KJE-D |
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| 2 | 2 | | By: Schaefer H.B. No. 3626 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A BILL TO BE ENTITLED |
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| 6 | 6 | | AN ACT |
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| 7 | 7 | | relating to the comptroller's administration of federal money and |
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| 8 | 8 | | certain general revenue and to the use of certain general revenue |
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| 9 | 9 | | for property tax relief. |
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| 10 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 11 | 11 | | SECTION 1. Subchapter B, Chapter 403, Government Code, is |
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| 12 | 12 | | amended by adding Section 403.0123 to read as follows: |
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| 13 | 13 | | Sec. 403.0123. FEDERAL MONEY DEPOSITED TO TREASURY. (a) |
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| 14 | 14 | | The comptroller may not deposit to the credit of the general revenue |
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| 15 | 15 | | fund money received from the federal government. The comptroller |
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| 16 | 16 | | shall account for and administer federal money separately from |
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| 17 | 17 | | money in the general revenue fund in a manner that ensures federal |
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| 18 | 18 | | money is used for the purposes for which federal money is received. |
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| 19 | 19 | | (b) To facilitate the administration of federal money under |
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| 20 | 20 | | this section or other law, the comptroller may: |
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| 21 | 21 | | (1) designate or create a fund or account in the |
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| 22 | 22 | | treasury for the deposit of federal money and any interest or other |
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| 23 | 23 | | earnings on the federal money; or |
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| 24 | 24 | | (2) merge, consolidate, or segregate funds or accounts |
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| 25 | 25 | | or money deposited to funds or accounts. |
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| 26 | 26 | | (c) This section prevails over other general law that |
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| 27 | 27 | | provides for money received from the federal government, or |
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| 28 | 28 | | earnings on money received from the federal government, to be |
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| 29 | 29 | | deposited to the credit of the general revenue fund. To the extent |
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| 30 | 30 | | of any other conflict between this section and other law, this |
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| 31 | 31 | | section controls. |
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| 32 | 32 | | SECTION 2. Section 403.109, Government Code, is amended by |
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| 33 | 33 | | adding Subsections (e), (f), and (g) to read as follows: |
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| 34 | 34 | | (e) Each time the comptroller, as provided by Section |
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| 35 | 35 | | 49-g(b) or (c), Article III, Texas Constitution, reduces an amount |
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| 36 | 36 | | of general revenue that otherwise is to be transferred to the |
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| 37 | 37 | | economic stabilization fund, the comptroller at the same time shall |
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| 38 | 38 | | transfer to the credit of the property tax relief fund an amount of |
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| 39 | 39 | | general revenue equal to the amount by which the comptroller |
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| 40 | 40 | | reduced the amount of the transfer to the economic stabilization |
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| 41 | 41 | | fund. |
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| 42 | 42 | | (f) Each time the comptroller, as provided by Section |
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| 43 | 43 | | 49-g(i), Article III, Texas Constitution, credits to general |
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| 44 | 44 | | revenue interest otherwise due to the economic stabilization fund, |
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| 45 | 45 | | the comptroller at the same time shall transfer to the credit of the |
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| 46 | 46 | | property tax relief fund an amount of general revenue equal to the |
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| 47 | 47 | | amount of the interest credited to general revenue. |
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| 48 | 48 | | (g) Notwithstanding any other provision of this section, |
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| 49 | 49 | | money deposited to the credit of the property tax relief fund under |
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| 50 | 50 | | Subsection (e) or (f) may be appropriated only to the Texas |
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| 51 | 51 | | Education Agency for use in providing property tax relief through |
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| 52 | 52 | | reduction of the state compression percentage, as defined by |
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| 53 | 53 | | Section 42.2516(a), Education Code. |
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| 54 | 54 | | SECTION 3. This Act takes effect September 1, 2019. |
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