Texas Constitution:Article III, Section 49-d-16: Difference between revisions

Jump to navigation Jump to search

Texas Constitution:Article III, Section 49-d-16 (view source)

Revision as of 11:46, June 21, 2024

No change in size ,  June 21
m
no edit summary
mNo edit summary
mNo edit summary
 
Line 13: Line 13:
'''(e) The Legislature by general law shall provide for the manner in which the assets of the Fund may be used, subject to the limitations of this section. Money in the fund may be used in conjunction with other funds or financial resources, including money from the federal government, in accordance with procedures, standards, and limitations established by federal law and general law of this State.'''
'''(e) The Legislature by general law shall provide for the manner in which the assets of the Fund may be used, subject to the limitations of this section. Money in the fund may be used in conjunction with other funds or financial resources, including money from the federal government, in accordance with procedures, standards, and limitations established by federal law and general law of this State.'''


'''(f) The Comptroller may transfer money from the Fund to another fund as provided by general law. The state agency that administers the fund to which the money is transferred as authorized by this subsection may use the money without further appropriation only for the expansion of access to and adoption of broadband and telecommunications services as provided by general law.'''
'''(f) The Comptroller may transfer money from the Fund to another fund as provided by general law. The State agency that administers the fund to which the money is transferred as authorized by this subsection may use the money without further appropriation only for the expansion of access to and adoption of broadband and telecommunications services as provided by general law.'''


'''(g) Unless extended by adoption of a concurrent resolution approved by a record vote of two-thirds of the members of each House of the Legislature, this section expires on September 1, 2035. A resolution suspends the expiration of this section until September 1 of the 10th year following the adoption of the resolution.'''
'''(g) Unless extended by adoption of a concurrent resolution approved by a record vote of two-thirds of the members of each House of the Legislature, this section expires on September 1, 2035. A resolution suspends the expiration of this section until September 1 of the 10th year following the adoption of the resolution.'''
Line 19: Line 19:
'''(h) Immediately before the expiration of this section, the Comptroller shall transfer any unexpended and unobligated balance remaining in the Fund to the General Revenue Fund.'''
'''(h) Immediately before the expiration of this section, the Comptroller shall transfer any unexpended and unobligated balance remaining in the Fund to the General Revenue Fund.'''


'''(i) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the Fund is dedicated by this Constitution; and (2) an appropriation of state tax revenues for the purpose of depositing money to the credit of the fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''
'''(i) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the Fund is dedicated by this Constitution; and (2) an appropriation of State tax revenues for the purpose of depositing money to the credit of the fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''


''text of Article III, Section 49-d-16 proposed by Acts 2023, 88th Leg., R.S., S.J.R. No. 75''
''text of Article III, Section 49-d-16 proposed by Acts 2023, 88th Leg., R.S., S.J.R. No. 75''
Line 35: Line 35:
'''(f) The expenses of managing the investments of the Texas Water Fund shall be paid from that fund.'''
'''(f) The expenses of managing the investments of the Texas Water Fund shall be paid from that fund.'''


'''(g) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the Texas Water Fund is dedicated by this Constitution; and (2) an appropriation of state tax revenues for the purpose of depositing money to the credit of the Texas Water Fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''
'''(g) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the Texas Water Fund is dedicated by this Constitution; and (2) an appropriation of State tax revenues for the purpose of depositing money to the credit of the Texas Water Fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''


'''(h) Any unexpended and unobligated balance remaining in the Texas Water Fund at the end of a state fiscal biennium is appropriated to the administrator of that fund for the following state fiscal biennium for the purposes authorized by this section.'''
'''(h) Any unexpended and unobligated balance remaining in the Texas Water Fund at the end of a State fiscal biennium is appropriated to the administrator of that fund for the following state fiscal biennium for the purposes authorized by this section.'''


|editor=
|editor=
Retrieved from "https://texaslegalguide.com/Special:MobileDiff/8556"

Navigation menu