Issue Date: | 2021-09-01 |
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Revised Date: |
Legal Citations
- Tax Code sec. 151.0515, sec. 152.0215
- Transportation Code sec. 501.138, sec. 502.358
- Health and Safety Code sec. 386.250, sec. 386.252
Origin:
H.B. 3745 and H.B. 3317, 87th Leg., R.S. Effective September 1, 2021.
Purpose
Trust fund outside of the state treasury held by the comptroller consisting surcharges on motor vehicle sales taxes (3004, 3016), registrations (3014), inspections (3020) and a portion of title fees (3012). Also includes sales taxes (3102) on sales or rental of heavy equipment.
Thirty-five percent of the amount deposited to the fund is to be remitted to the State Highway Fund 0006 for use in congestion mitigation and air quality projects by the Texas Department of Transportation.
After remittance to Fund 0006, the fund may be used for projects under Health and Safety Code sec. 386.252 including:
- clean school bus and clean fleet programs
- light-duty motor vehicle and on-road diesel incentive programs
- seaport and rail yard programs
- new technology implementation grant program
- regional air monitoring program
- certain natural gas and alternative fuel programs
- administrative and research costs
- other programs that lead to reduced emissions
Any unexpended balances at the end of the biennium are transferred to the State Highway Fund 0006.
Classification | Group 13: Local Trust [?] |
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Depository Interest | Retained in fund. |
Disposition of Balance | At the end of the biennium, any unexpended balance is transferred to State Highway Fund 0006. |
Appropriation Technique | Not appropriated. |
Administering Agencies
Financial Activity
To view this appropriated fund's current revenue and expenditure activity by agency or comptroller object code, visit the following links:
Note
Although passed by the 86th Legislature in 2019, the effective date of H.B 3745 was 9/1/2021.
H.B. 3745, 86th Leg., R.S. directed unexpended balances to GR Account 5071 - Emissions Reduction Plan. H.B. 4472, 87th Leg., R.S. directed 35% of fund revenue and the unexpended balance to the State Highway Fund 0006.
USAS Values
USAS Title | TEXAS EMISSIONS REDUCTION PLAN TRUST |
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Consolidated Fund | |
State Fund Group | 13 - LOCAL TRUST |
USAS Status | A |