Bill Text: TX HJR63 | 2013-2014 | 83rd Legislature | Introduced

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Bill Title: Proposing a constitutional amendment dedicating a portion of the state's oil and gas tax revenue to construction, reconstruction, acquisition, and expansion of roads in counties in which a shale formation is located.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-03-13 - Left pending in committee [HJR63 Detail]

Download: Texas-2013-HJR63-Introduced.html

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By: Guillen H.J.R. No. 63

A JOINT RESOLUTION
proposing a constitutional amendment dedicating a portion of the
state's oil and gas tax revenue to construction, reconstruction,
acquisition, and expansion of roads in counties in which a shale
formation is located.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 49-g(d) and (e), Article III, Texas
Constitution, are amended to read as follows:
(d) If in the preceding year the state received from oil
production taxes a net amount greater than the net amount of oil
production taxes received by the state in the fiscal year ending
August 31, 1999 [1987], the comptroller shall transfer to the
economic stabilization fund an amount equal to 75 percent of the
difference between those amounts the comptroller shall transfer
[retain] the remaining portion to the State Highway fund to be used
for construction, reconstruction, acquisition, and expansion of
roads in a county in which a part of a shale formation is located [as
general revenue]. In computing the net amount of oil production
taxes received, the comptroller may not consider refunds paid as a
result of oil overcharge litigation.
(e) If in the preceding year the state received from gas
production taxes a net amount greater than the net amount of gas
production
taxes received by the state in the fiscal year ending
August 31, 1999 [1987], the comptroller shall transfer to the
economic stabilization fund an amount equal to 75 percent of the
difference between those amounts. the comptroller shall transfer
[retain] the remaining difference to the state highway fund to be
used for construction, reconstruction, acquisition, and expansion
of roads in a county in which a part of a district where a shale
formation is located [as general revenue]. For the purposes of this
subsection, the comptroller shall adjust his computation of
revenues to reflect only 12 months of collection.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2013.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment dedicating a portion of
the state's oil and gas tax revenue to construction,
reconstruction, acquisition, and expansion of state highways in
counties in a shale formation is located."