Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
  89R4678 CS-D     By: Isaac H.B. No. 218       A BILL TO BE ENTITLED   AN ACT   relating to the allocation and deposit of certain surplus state   revenue to the property tax relief fund for use in reducing school   district maintenance and operations ad valorem taxes.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 403.109, Government Code, is amended by   adding Subsections (e) and (f) to read as follows:           (e)  The comptroller shall:                 (1)     allocate for deposit to the credit of the fund   general revenue in an amount equal to the amount by which the amount   of general revenue received in a state fiscal biennium exceeds 104   percent of the total amount of general revenue that was received   during the preceding state fiscal biennium; and                 (2)     periodically deposit to the credit of the fund the   general revenue allocated under Subdivision (1), with the final   deposit for that biennium to be made not later than the 90th day of   the next state fiscal biennium.           (f)     Notwithstanding any other provision of this section,   money deposited to the credit of the fund under Subsection (e) may   be appropriated only to the Texas Education Agency for use in   providing property tax relief through reduction of the state   compression percentage, as defined by Section 48.255, Education   Code.          SECTION 2.  This Act applies beginning with the state fiscal   biennium beginning September 1, 2027.          SECTION 3.  This Act takes effect September 1, 2025.