Bill Text: TX HB3503 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the creation of the Texas Fiscal Stability Commission.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-04-28 - Left pending in committee [HB3503 Detail]
Download: Texas-2011-HB3503-Introduced.html
| By: Villarreal | H.B. No. 3503 | |
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| relating to the creation of the Texas Fiscal Stability Commission. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. DEFINITION. In this Act, "commission" means the | ||
| Texas Fiscal Stability Commission. | ||
| SECTION 2. MISSION OF TEXAS FISCAL STABILITY COMMISSION. | ||
| (a) The mission of the Texas Fiscal Stability Commission is | ||
| to provide the state legislature recommendations for improving the | ||
| state's ability to provide a stable, long-term source of revenue | ||
| for educating the people of Texas from pre-kindergarten through | ||
| higher education while maintaining low state and local tax rates | ||
| relative to other states and ensuring tax efforts of households and | ||
| business sectors are equitably shared. | ||
| (b) The commission shall develop a comprehensive plan that | ||
| includes tax and budget recommendations to eliminate the state's | ||
| structural revenue shortfall. | ||
| SECTION 3. ESTABLISHMENT AND OPERATION OF TEXAS FISCAL | ||
| STABILITY COMMISSION. (a) The Texas Fiscal Stability Commission | ||
| is composed of 19 members as follows: | ||
| (1) the chair of the House Appropriations Committee | ||
| and House Ways and Means Commission; | ||
| (2) the chair and vice-chair of the Senate Committee | ||
| on Finance; | ||
| (3) two state representatives and three public members | ||
| appointed by the Speaker of the House of Representatives; | ||
| (4) two state senators and three public members | ||
| appointed by the Lieutenant Governor; and | ||
| (5) five public members appointed by the Governor; | ||
| (b) A person specified by Subsection (a) of this section to | ||
| appoint a commission member shall make the appointment not later | ||
| than November 1, 2011. | ||
| (c) The Lieutenant Governor and Speaker of the House of | ||
| Representatives shall select one member of the commission to serve | ||
| as the chair and another member to serve as the vice chair. | ||
| (d) The commission shall meet at the call of the chair. | ||
| (e) The commission shall hold public hearings at locations | ||
| throughout the state to hear testimony on issues related to its | ||
| mission. | ||
| (f) A commission member may not receive compensation for | ||
| serving on the commission but is entitled to reimbursement of | ||
| travel expenses incurred by the member while conducting the | ||
| business of the commission as provided by the General | ||
| Appropriations Act. | ||
| (g) The commission shall submit the state fiscal stability | ||
| plan under Section 2 of this Act to the Senate Finance Commission, | ||
| the House Appropriations Commission, the House Ways and Means | ||
| Committee, and the Legislative Budget Board not later than June 1, | ||
| 2012. | ||
| (h) The commission is abolished September 1, 2013. | ||
| SECTION 4. EFFECTIVE DATE. This Act takes effect | ||
| immediately if it receives a vote of two-thirds of all the members | ||
| elected to each house, as provided by Section 39, Article III, Texas | ||
| Constitution. If this Act does not receive the vote necessary for | ||
| immediate effect, this Act takes effect September 1, 2011. | ||
