88R11645 KBB-D
By: Plesa H.B. No. 5301
A BILL TO BE ENTITLED
AN ACT
relating to a one-time cash payment to certain residents of this
state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) The comptroller shall make a one-time
payment of $500 to each eligible resident of this state, as provided
by this section.
(b) For purposes of this section, an individual is eligible
to receive a payment under this section only if the individual:
(1) is 18 years of age or older;
(2) resides in and is lawfully present in the state;
and
(3) is not incarcerated at the time of applying.
(c) An individual must apply to the comptroller to receive a
payment under this section. The comptroller by rule shall adopt an
application form and a process to verify information:
(1) attesting an applicant's eligibility for the
payment; and
(2) necessary for the applicant to receive the
payment.
(d) An amount, estimated not to exceed $15 billion, is
appropriated from the economic stabilization fund to the
comptroller for the state fiscal biennium beginning September 1,
2023, to provide a payment under this section to each eligible
resident of this state and to pay costs incurred in facilitating the
payments.
SECTION 2. This Act takes effect September 1, 2023.