A Blog about 88th Legislature Laws
The following backgrounds help summarize the author's views on both the general topic: Texas and more specifically 88th Legislature Laws as it relates to that topic.
Texas is truly a Republic. There are a multitude of items that to modify the state constitution must be modified. So there are times when Constitutional amendments are on the voting ballots. While I sometimes abhor the wording, the concept that all of those legally able to vote in Texas must vote on the change is a good one. And bills in Texas are generally short, making it easier for everyone to understand.
The blogs here will discuss the laws passed by Congress and signed into law, as well as those, passed by Congress and approved by the voters to become law. There are a multitude of laws and each time I post blogs I will notate here the current effective date if it is different from prior blogs. I am currently posting bills that took effect immediately - those bills total 336. I am currently posting regarding larger bills, so each blog covers a single bill.
This act eliminates funds that were created but not used or that were perhaps temporarily used. It also allocates interest. And it shifts funds either into or out of the general revenue fund.
Published: 2024-02-01
I understand that there will be funds created for a use and are later no longer necessary. I also understand that over time a narrow use fund may need to be expanded to encompass other relevant issues, and hence the fund may be re-created under it's new name. And it seems obvious that you need to designate how interest earned on general funds is to be broken down Some funds would have money in the general revenue designated for their use for longer periods of time, and therefore would be accruing more interest. And unfortunately some funds, under federal law, cannot allocate interest to general revenue.
I do not like the designation of a bill number rather than a purpose for the funds. It makes the waters much muddier and permits less ease in understanding. This is not only true for the general public but even for the legislatures themselves. It creates a just vote to pass it attitude rather than assuring it is understood what is being done. Honestly the bills should have a designated purposed if funding were provided to them. If so, then it should be simple to put that basic information there along with the bill number for anyone wishes further clarification.
Plus this is the very thing that could easily cause an innocent error to be made. But that error would require a new bill to be passed; and could create issues in how funds were managed during the error period. This is just sloppy drafting, in my opinion.
This abolishes fund accounts that were created by the legislature, and not otherwise exempt, on the later of August 31, 2023 or the date the Act sites. This apparently covered the following accounts:
The following funds are exempt:
There is an allocation/re-allocation of interest accrued on dedicated revenue. Interest earned on funds held in general revenue are available for general revenue except as follows:
Except for the funds specified above, other fund held in specific account can have interest shifted to general funding if it exceeds anticipated amounts.
The following dedicated revenue accounts are eliminated:
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