Texas 2019 - 86th Regular

Texas House Bill HCR85

Caption

Expressing support for the process set out in Section 316.092, Government Code, and honoring the intent of the law relating to the Sufficient Balance for the Economic Stabilization Fund.

Impact

The successful passage of HCR85 indicates a firm legislative intention to uphold the established protocols for managing the Economic Stabilization Fund, which serves as a vital resource for the state during economic downturns. By continuing to support the processes outlined in Section 316.092, the resolution underscores the significance of maintaining adequate reserves that can be utilized to stabilize state finances during challenging fiscal periods. If adhered to, this could enhance fiscal responsibility within state governmental operations and alleviate potential financial crises.

Summary

HCR85 is a concurrent resolution expressing the Texas Legislature's support for the procedural framework established in Section 316.092 of the Government Code regarding the Economic Stabilization Fund. The resolution emphasizes the importance of adhering to the legislative process related to determining the sufficient balance of the fund for the state's fiscal biennium. By reiterating this support, the bill highlights the commitment of the legislature to managing the state's financial resources responsibly and ensuring that the fund operates as intended.

Contention

While the resolution itself seeks to honor existing protocols, potential points of contention may arise if future discussions regarding the sufficient balance of the Economic Stabilization Fund introduce amendments that diverge from the principles set forth. Concerns could emerge around transparency and accountability, particularly during periods when legislative decisions significantly impact budget allocations. Additionally, debates surrounding the necessity and adequacy of the fund in the face of changing economic conditions may elicit differing opinions from various stakeholders within the legislative framework and broader community.

Companion Bills

No companion bills found.

Previously Filed As

TX HB2230

Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating general revenue to that fund and the state highway fund.

TX SB1232

Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating general revenue to that fund and the state highway fund.

TX SB225

Relating to the determination of the sufficient balance of the economic stabilization fund for the purpose of allocating certain constitutional transfers of money to that 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 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 HB2

Relating to measures for ensuring safety and security in public schools, including the establishment of a school safety grant program and a school safety plan implementation grant program, and the allocation of certain constitutional transfers of money to the state school safety 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 HB3165

Relating to the establishment, administration, and use of the Texas land and water conservation 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 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.

Similar Bills

No similar bills found.