88S30049 KJE-D
By: Bell, Cecil H.B. No. 28
A BILL TO BE ENTITLED
AN ACT
relating to the allocation and deposit of certain surplus state
revenue to the property tax relief fund for use in reducing school
district maintenance and operations ad valorem taxes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 403.109, Government Code, is amended by
adding Subsections (e) and (f) to read as follows:
(e) Not later than the 90th day after the last day of each
state fiscal biennium, the comptroller shall deposit to the credit
of the fund general revenue in an amount equal to one-half of the
amount by which the total available general revenue for that
biennium at the end of the biennium exceeds the amount of total
available general revenue stated in the comptroller's biennial
revenue estimate for that biennium.
(f) Notwithstanding any other provision of this section,
money deposited to the credit of the fund under Subsection (e) may
be appropriated only to the Texas Education Agency for use in
providing property tax relief through reduction of the state
compression percentage, as defined by Section 48.255, Education
Code.
SECTION 2. This Act applies beginning with the state fiscal
biennium beginning September 1, 2025.
SECTION 3. This Act takes effect on the 91st day after the
last day of the legislative session.