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  89R1047 KJE-D     By: Bell of Kaufman H.B. No. 264       A BILL TO BE ENTITLED   AN ACT   relating to the dedication of certain surplus state revenue for ad   valorem tax relief.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  The heading to Subchapter G, Chapter 403,   Government Code, is amended to read as follows:   SUBCHAPTER G. FUNDS AND REVENUE DEDICATIONS          SECTION 2.  Subchapter G, Chapter 403, Government Code, is   amended by adding Section 403.108 to read as follows:           Sec.   403.108.     DEDICATION OF CERTAIN SURPLUS STATE REVENUE   FOR AD VALOREM TAX RELIEF. (a) Not later than the 90th day after   the last day of each state fiscal biennium, the comptroller shall   deposit to the credit of an account in the general revenue fund   general revenue in an amount equal to one-half of the amount by   which the total available general revenue for that biennium at the   end of the biennium exceeds the amount of total available general   revenue stated in the comptroller's biennial revenue estimate for   that biennium.           (b)     Money in the account described by Subsection (a) may be   appropriated by the legislature only to provide ad valorem tax   relief.          SECTION 3.  This Act applies beginning with the state fiscal   biennium beginning September 1, 2027.          SECTION 4.  This Act takes effect September 1, 2025.