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

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'''(g) During each fiscal biennium, the amount in the Economic Stabilization Fund may not exceed an amount equal to 10 percent of the total amount, excluding investment income, interest income, and amounts borrowed from special funds, deposited in general revenue during the preceding biennium.'''
'''(g) During each fiscal biennium, the amount in the Economic Stabilization Fund may not exceed an amount equal to 10 percent of the total amount, excluding investment income, interest income, and amounts borrowed from special funds, deposited in general revenue during the preceding biennium.'''


'''(h) In preparing an estimate of anticipated revenues for a succeeding biennium as required by Article III, Section [[Texas Constitution:Article III, Section 49a|49a]], of this constitution, the Comptroller shall estimate the amount of the transfers that will be made under Subsections (b), (d), and (e) of this section. The Comptroller shall deduct that amount from the estimate of anticipated revenues as if the transfers were made on August 31 of that fiscal year.'''
'''(h) In preparing an estimate of anticipated revenues for a succeeding biennium as required by Article III, Section [[Texas Constitution:Article III, Section 49-a|49a]], of this constitution, the Comptroller shall estimate the amount of the transfers that will be made under Subsections (b), (d), and (e) of this section. The Comptroller shall deduct that amount from the estimate of anticipated revenues as if the transfers were made on August 31 of that fiscal year.'''


'''(i) The Comptroller shall credit to general revenue interest due to the Economic Stabilization Fund that would result in an amount in the Economic Stabilization Fund that exceeds the limit in effect under Subsection (g) of this section.'''
'''(i) The Comptroller shall credit to general revenue interest due to the Economic Stabilization Fund that would result in an amount in the Economic Stabilization Fund that exceeds the limit in effect under Subsection (g) of this section.'''


'''(j) The Comptroller may transfer money from the Economic Stabilization Fund to general revenue to prevent or eliminate a temporary cash deficiency in general revenue. The Comptroller shall return the amount transferred to the Economic Stabilization Fund as soon as practicable, but not later than August 31 of each odd-numbered year. The Comptroller shall allocate the depository interest as if the transfers had not been made. If the Comptroller submits a statement to the Governor and the Legislature under Article III, Section [[Texas Constitution:Article III, Section 49a|49a]], of this constitution when money from the Economic Stabilization Fund is in general revenue, the Comptroller shall state that the transferred money is not available for appropriation from general revenue.'''
'''(j) The Comptroller may transfer money from the Economic Stabilization Fund to general revenue to prevent or eliminate a temporary cash deficiency in general revenue. The Comptroller shall return the amount transferred to the Economic Stabilization Fund as soon as practicable, but not later than August 31 of each odd-numbered year. The Comptroller shall allocate the depository interest as if the transfers had not been made. If the Comptroller submits a statement to the Governor and the Legislature under Article III, Section [[Texas Constitution:Article III, Section 49-a|49a]], of this constitution when money from the Economic Stabilization Fund is in general revenue, the Comptroller shall state that the transferred money is not available for appropriation from general revenue.'''


'''(k) Amounts from the Economic Stabilization Fund may be appropriated during a regular legislative session only for a purpose for which an appropriation from general revenue was made by the preceding Legislature and may be appropriated in a special session only for a purpose for which an appropriation from general revenue was made in a preceding legislative session of the same Legislature. An appropriation from the Economic Stabilization Fund may be made only if the Comptroller certifies that appropriations from general revenue made by the preceding Legislature for the current biennium exceed available general revenues and cash balances for the remainder of that biennium. The amount of an appropriation from the Economic Stabilization Fund may not exceed the difference between the Comptroller's estimate of general revenue for the current biennium at the time the Comptroller receives for certification the bill making the appropriation and the amount of general revenue appropriations for that biennium previously certified by the Comptroller. Appropriations from the Economic Stabilization Fund under this subsection may not extend beyond the last day of the current biennium. An appropriation from the Economic Stabilization Fund must be approved by a three-fifths vote of the members present in each House of the Legislature.'''
'''(k) Amounts from the Economic Stabilization Fund may be appropriated during a regular legislative session only for a purpose for which an appropriation from general revenue was made by the preceding Legislature and may be appropriated in a special session only for a purpose for which an appropriation from general revenue was made in a preceding legislative session of the same Legislature. An appropriation from the Economic Stabilization Fund may be made only if the Comptroller certifies that appropriations from general revenue made by the preceding Legislature for the current biennium exceed available general revenues and cash balances for the remainder of that biennium. The amount of an appropriation from the Economic Stabilization Fund may not exceed the difference between the Comptroller's estimate of general revenue for the current biennium at the time the Comptroller receives for certification the bill making the appropriation and the amount of general revenue appropriations for that biennium previously certified by the Comptroller. Appropriations from the Economic Stabilization Fund under this subsection may not extend beyond the last day of the current biennium. An appropriation from the Economic Stabilization Fund must be approved by a three-fifths vote of the members present in each House of the Legislature.'''


'''(l) If an estimate of anticipated revenues for a succeeding biennium prepared by the Comptroller pursuant to Article III, Section [[Texas Constitution:Article III, Section 49a|49a]], of this constitution is less than the revenues that are estimated at the same time by the Comptroller to be available for the current biennium, the Legislature may, by a three-fifths vote of the members present in each House, appropriate for the succeeding biennium from the Economic Stabilization Fund an amount not to exceed this difference. Following each fiscal year, the actual amount of revenue shall be computed, and if the estimated difference exceeds the actual difference, the Comptroller shall transfer the amount necessary from general revenue to the Economic Stabilization Fund so that the actual difference shall not be exceeded. If all or a portion of the difference in revenue from one biennium to the next results, at least in part, from a change in a tax rate or base adopted by the Legislature, the computation of revenue difference shall be adjusted to the amount that would have been available had the rate or base not been changed.'''
'''(l) If an estimate of anticipated revenues for a succeeding biennium prepared by the Comptroller pursuant to Article III, Section [[Texas Constitution:Article III, Section 49-a|49a]], of this constitution is less than the revenues that are estimated at the same time by the Comptroller to be available for the current biennium, the Legislature may, by a three-fifths vote of the members present in each House, appropriate for the succeeding biennium from the Economic Stabilization Fund an amount not to exceed this difference. Following each fiscal year, the actual amount of revenue shall be computed, and if the estimated difference exceeds the actual difference, the Comptroller shall transfer the amount necessary from general revenue to the Economic Stabilization Fund so that the actual difference shall not be exceeded. If all or a portion of the difference in revenue from one biennium to the next results, at least in part, from a change in a tax rate or base adopted by the Legislature, the computation of revenue difference shall be adjusted to the amount that would have been available had the rate or base not been changed.'''


'''(m) In addition to the appropriation authority provided by Subsections (k) and (l) of this section, the Legislature may, by a two-thirds vote of the members present in each House, appropriate amounts from the economic stabilization fund at any time and for any purpose.'''
'''(m) In addition to the appropriation authority provided by Subsections (k) and (l) of this section, the Legislature may, by a two-thirds vote of the members present in each House, appropriate amounts from the economic stabilization fund at any time and for any purpose.'''