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Relating to the Texas emissions reduction plan fund.
Estimated Two-year Net Impact to General Revenue Related Funds for SB 1263, Committee Report 1st House, Substituted : an impact of $0 through the biennium ending August 31, 2023.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
SB 1263 would require that parts of the fees collected by applicants for a vehicle title be transferred to the Texas Emissions Reduction Plan (TERP) fund and a record of such transfers be kept by the comptroller. This bill would also require the Texas Department of Transportation to offset any funds lost by the Texas Mobility Fund due to this transfer.
The Texas Department of Transportation would be required to submit an annual report to the Texas Commission on Environmental Quality regarding information for all congestion mitigation and air quality improvement projects in nonattainment areas that are planned to be funded, or received initial funding during the preceding 10 years. Additionally, TCEQ would be required to remit 40% of the amount deposited to the credit of the state highway fund for use by the Texas Department of Transportation for Congestion Mitigation and Air Quality projects.
SB 1263 would shuffle funds around between various accounts in order to fund TERP. This does not create a new program, increase overall spending, or increase taxes or fees. For these reasons, Texas Action is neutral on SB 1263.