Bill: SB 962, 86(R) - 2019

Committee

Senate Finance

2nd Chamber Committee

House Appropriations

Vote Recommendation

Vote Recommendation	Economic Freedom	Property Rights	Personal Responsibility	Limited Government	Individual Liberty
Neutral	Neutral	Neutral	Neutral	Neutral	Neutral

Author(s)

Robert Nichols

Sponsor(s)

John Zerwas

Bill Caption

Relating to the determination of the sufficient balance of the economic stabilization fund for purposes of allocating general revenue to that fund and the state highway fund.

Fiscal Notes

Relative to current law the bill would create a significant revenue gain to the State Highway Fund and a corresponding revenue loss to the Economic Stabilization Fund in fiscal year 2026 through fiscal year 2035.

Bill Analysis

Certain portions of the Government Code related to allocation of severance taxes to the Economic Stabilization Fund (ESF) and State Highway Fund, and the determination of a sufficient balance of the ESF, are scheduled to expire December 31, 2024. SB 962 would extend sunset for those provisions to December 31, 2034.

Vote Recommendation Notes

Texas Action remains neutral on SB 962 because it does not affect our liberty principles.

Source URL (retrieved on 04/23/2024 06:04 PM): http://reports.texasaction.com/bill/86r/sb962?print_view=true