Texas 2023 - 88th Regular

Texas House Bill HJR41

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Sent toSOS
 
Proposed Const. Amend.
 

Caption

Proposing a constitutional amendment regarding the dedication by general law of money received by this state and money held in or deposited to an account or fund inside or outside the state treasury and the authorized expenditure or appropriation of money dedicated by general law.

Impact

If enacted, HJR41 would significantly impact how state funds are managed and allocated by permitting the legislature to create specific requirements for the use of state funds through legislation. This could potentially streamline financial management within the state government, ensuring that funds are used for designated needs and projects. However, there is concern that it could lead to less flexibility in reallocating funds to address emergent fiscal challenges, as any changes to the dedicated purposes would require a supermajority of legislative approval. The temporary provision, set to expire on January 1, 2026, aims to provide a transitional period for the implementation of the new constitutional provision.

Summary

HJR41 proposes an amendment to the Texas Constitution that seeks to legislate the dedication of state funds by general law. The proposed amendment allows the Texas legislature to designate the appropriation or expenditure of state-received money for specific purposes, particularly focusing on money deposited in designated accounts or funds. This change would require a two-thirds approval from both houses of the legislature for any future amendments or repeals regarding the dedicated uses of funds. The proposed changes come with a planned effective date of September 1, 2025, applying to appropriations authorized for fiscal years beginning on or after that date.

Sentiment

The sentiment surrounding HJR41 appears to be mixed. Supporters argue that the amendment is a positive step towards increased accountability in how state funds are allocated, enabling more effective targeting of financial resources. They believe that this structure may help prioritize funding for essential services and projects. On the other hand, critics are concerned that the strict dedication of funds could limit the legislature's ability to respond to changing needs within the state, potentially hampering quick action in times of crisis or unexpected budgetary shortfalls.

Contention

Notable points of contention include discussions about the implications of restricting fund usage to specific purposes, as well as the requirement for a two-thirds vote for any changes. Critics point out that this could create a more rigid financial system that may complicate legislative responses during emergencies. The debate is likely to revolve around the balance between prudent fiscal management and the need for governmental flexibility in managing state resources to effectively address the diverse and changing needs of citizens.

Companion Bills

No companion bills found.

Previously Filed As

TX HJR81

Proposing a constitutional amendment regarding the dedication by general law of money received by this state and money held in or deposited to an account or fund inside or outside the state treasury and the authorized expenditure or appropriation of money dedicated by general law.

TX HCR1

Directs the treasurer to immediately begin implementation of the process to allocate money deposited into the state treasury from constitutional and statutory dedications that flow through the Bond Security and Redemption Fund for the purpose of paying state debt

TX HJR58

Proposing a constitutional amendment authorizing the use of money in the state highway fund for transit-oriented projects.

TX HB4488

Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.

TX HJR47

Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.

TX SJR48

Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.

TX SB524

Requiring banks to enter into a written agreement with the state treasurer to be a depository of public moneys, increasing the market value of securities necessary to secure the deposit of public moneys, providing procedures for when a depository fails to follow the requirements of the state treasurer, modifying certain definitions, authorizing the state treasurer to assess a fee to operate the public moneys pooled method, creating the public moneys fee fund and providing exceptions to the public moneys pooled method if accounts are subject to conflicting federal law.

TX SB2191

Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.

TX HJR35

Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

TX SB120

Modifies provisions relating to the expenditure of moneys in funds by certain state departments

Similar Bills

No similar bills found.