83R2928 JJT-D
	By: Creighton	H.B. No. 1317

	A BILL TO BE ENTITLED
	AN ACT
	relating to directing certain surplus revenue to water
	infrastructure funding.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  (a) This section takes effect only if the state
	water implementation fund for Texas is created by legislation
	enacted by the 83rd Legislature, Regular Session, 2013.
	(b)  Subchapter G, Chapter 403, Government Code, is amended
	by adding Section 403.110 to read as follows:
	Sec. 403.110.  REDIRECTION OF SURPLUS ECONOMIC
	STABILIZATION FUND REVENUE. (a) If the comptroller reduces an
	amount to be transferred to the economic stabilization fund as
	provided by Section 49-g(b), Article III, Texas Constitution, the
	comptroller shall transfer to the credit of the state water
	implementation fund for Texas an amount of general revenue equal to
	the amount by which the comptroller reduced the amount that
	otherwise would be required to be transferred by that subsection.
	(b)  If the comptroller reduces an amount to be transferred
	to the economic stabilization fund as provided by Section 49-g(c),
	Article III, Texas Constitution, the comptroller shall transfer to
	the credit of the state water implementation fund for Texas:
	(1)  an amount of general revenue equal to the amount by
	which the comptroller reduced the amount that otherwise would be
	required to be transferred by Subsections (c) and (d) of that
	section; and
	(2)  an amount of general revenue equal to the amount by
	which the comptroller reduced the amount that otherwise would be
	required to be transferred by Subsections (c) and (e) of that
	section.
	(c)  If the comptroller credits an amount to general revenue
	under Section 49-g(i), Article III, Texas Constitution, the
	comptroller shall transfer an equal amount of general revenue to
	the credit of the state water implementation fund for Texas.
	SECTION 2.  (a) This section takes effect only if Section 1
	of this Act does not take effect as provided by Section 1(a) of this
	Act.
	(b)  Section 17.956, Water Code, is amended to read as
	follows:
	Sec. 17.956.  TEXAS WATER DEVELOPMENT FUND II. (a)  The fund
	is a special fund in the state treasury, and all water financial
	assistance bond proceeds shall be deposited in the state treasury
	to the credit of the fund.
	(b)  The fund shall contain a "state participation account,"
	an "economically distressed areas program account," and a
	"financial assistance account," and proceeds from the sale of water
	financial assistance bonds issued for the purpose of providing
	financial assistance to political subdivisions shall be credited to
	those [such] accounts as provided by resolution by the board.
	(c)  The fund contains the "surplus account" to receive money
	transferred to the fund under Section 17.9595.
	(d)  By resolution, the board may create additional accounts
	within the fund as the board determines are necessary or convenient
	for the administration of the fund.
	(c)  Subchapter L, Chapter 17, Water Code, is amended by
	adding Section 17.9595 to read as follows:
	Sec. 17.9595.  SURPLUS ACCOUNT; REDIRECTION OF SURPLUS
	ECONOMIC STABILIZATION FUND REVENUE. (a) The Texas Water
	Development Fund II surplus account, referred to as the "surplus
	account," is an account established within the fund in the state
	treasury.
	(b)  The surplus account is composed of:
	(1)  money transferred to the account as provided by
	Subsections (d)-(f);
	(2)  other money transferred to the account by law; and
	(3)  investment income earned on money on deposit in
	the account.
	(c)  At the direction of the board, the comptroller shall
	transfer money from the surplus account to another account in the
	fund for use by the board for purposes of the account receiving the
	transfer.
	(d)  If the comptroller reduces an amount to be transferred
	to the economic stabilization fund as provided by Section 49-g(b),
	Article III, Texas Constitution, the comptroller shall transfer to
	the credit of the surplus account an amount of general revenue equal
	to the amount by which the comptroller reduced the amount that
	otherwise would be required to be transferred by that subsection.
	(e)  If the comptroller reduces an amount to be transferred
	to the economic stabilization fund as provided by Section 49-g(c),
	Article III, Texas Constitution, the comptroller shall transfer to
	the credit of the surplus account:
	(1)  an amount of general revenue equal to the amount by
	which the comptroller reduced the amount that otherwise would be
	required to be transferred by Subsections (c) and (d) of that
	section; and
	(2)  an amount of general revenue equal to the amount by
	which the comptroller reduced the amount that otherwise would be
	required to be transferred by Subsections (c) and (e) of that
	section.
	(f)  If the comptroller credits an amount to general revenue
	under Section 49-g(i), Article III, Texas Constitution, the
	comptroller shall transfer an equal amount of general revenue to
	the credit of the surplus account.
	SECTION 3.  Except as otherwise provided by this Act, this
	Act takes effect January 1, 2014.