Texas 2025 - 89th Regular

Texas House Bill HJR57 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R2895 KJE-D
2	2	By: Cain H.J.R. No. 57
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7	7	A JOINT RESOLUTION
8	8	proposing a constitutional amendment dedicating certain general
9	9	revenue that would otherwise be transferred to the economic
10	10	stabilization fund to reducing school district maintenance and
11	11	operations ad valorem taxes.
12	12	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	13	SECTION 1. Section 49-g, Article III, Texas Constitution,
14	14	is amended by adding Subsections (g-1) and (g-2) and amending
15	15	Subsection (h) to read as follows:
16	16	(g-1) When the comptroller of public accounts acts to
17	17	prevent the amount in the economic stabilization fund from
18	18	exceeding the limit in effect for a biennium under Subsection (g) of
19	19	this section by reducing an amount transferred to the fund from
20	20	general revenue as provided by Subsection (b) or (c) of this section
21	21	or by crediting to general revenue interest that is due to the fund
22	22	as provided by Subsection (i) of this section, the comptroller
23	23	shall:
24	24	(1) determine an amount of general revenue equal to
25	25	the amount by which the balance of general revenue is increased by
26	26	the reduction of the transfer from general revenue or the crediting
27	27	of interest to general revenue; and
28	28	(2) transfer the amount determined under Subdivision
29	29	(1) of this subsection to the property tax relief fund or a
30	30	successor fund or account the primary purpose of which is to reduce
31	31	school district maintenance and operations ad valorem taxes.
32	32	(g-2) Money transferred to the credit of the property tax
33	33	relief fund or a successor fund or account under Subsection (g-1) of
34	34	this section may be appropriated only for the purpose of reducing
35	35	school district maintenance and operations ad valorem taxes as
36	36	provided by general law.
37	37	(h) In preparing an estimate of anticipated revenues for a
38	38	succeeding biennium as required by Section 49a, Article III,
39	39	[Section 49a,] of this constitution, the comptroller shall estimate
40	40	the amount of the transfers that will be made under Subsections (b),
41	41	(d), [and] (e), and (g-1) of this section. The comptroller shall
42	42	deduct that amount from the estimate of anticipated revenues as if
43	43	the transfers were made on August 31 of that fiscal year.
44	44	SECTION 2. The following temporary provision is added to
45	45	the Texas Constitution:
46	46	TEMPORARY PROVISION. (a) This temporary provision applies
47	47	to the constitutional amendment proposed by the 89th Legislature,
48	48	Regular Session, 2025, dedicating certain general revenue that
49	49	would otherwise be transferred to the economic stabilization fund
50	50	to reducing school district maintenance and operations ad valorem
51	51	taxes.
52	52	(b) The amendments to Section 49-g, Article III, of this
53	53	constitution take effect January 1, 2026.
54	54	(c) This temporary provision expires January 1, 2027.
55	55	SECTION 3. This proposed constitutional amendment shall be
56	56	submitted to the voters at an election to be held November 4, 2025.
57	57	The ballot shall be printed to permit voting for or against the
58	58	proposition: "The constitutional amendment dedicating certain
59	59	general revenue that would otherwise be transferred to the economic
60	60	stabilization fund to reducing school district maintenance and
61	61	operations ad valorem taxes."