| Issue Date: | |
|---|---|
| Revised Date: | 2017-02-03 |
Legal Cites
- Transportation Code sec. 201.002, sec. 222.001, sec. 222.002, sec. 222.072
- Texas Constitution art. III sec. 49-g, art. VIII sec. 7-a
Origin:
1917
Purpose
To receive money allocated by law for furtherance of public road construction and maintaining/policing the state highway system. Fund receives up to one-half of an amount equal to 75 percent of oil production and natural gas production tax revenues in any fiscal year that exceeds fiscal 1987 collections.
State Infrastructure Bank is an account in the highway fund to receive proceeds of bonds issued under § 222.075, and other eligible federal and state dollars. Funds may not be pledged or encumbered to guarantee a loan obtained or insure bonds issued by a public or private entity for costs associated with a toll facility.
| Classification | Group 02: Constitutional Funds Expendable for a Specific Purpose [?] |
|---|---|
| Depository Interest | Retained for constitutionally dedicated portion of the fund. Remainder credited to General Revenue Fund (0001). |
| Disposition of Balance | Accumulative |
| Appropriation Technique | General Appropriations Act |
Administering Agencies
Note
Fund not created by Constitution but some revenue sources are constitutionally dedicated.
State Infrastructure Bank added by S.B. 370, 75th Leg, R.S.
Amended by S.B. 883, 81st Leg., R.S.
Agency 608 added by H.B. 3097, 81st Leg., R.S.
Prior to November 2014, Fund 0599 received an amount equal to 75% of excess oil and gas revenues above the 1987 level. H.B. 1 and S.J.R. 1, 83rd Leg., 3rd C.S. split the 75% transfer to deposit at least one-half to Fund 0599 and the remainder to the State Highway Fund 0006. This was approved by the voters in November 2014.
USAS Values
| USAS Title | STATE HIGHWAY FUND |
|---|---|
| Consolidated Fund | |
| State Fund Group | 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP |
| USAS Status | A |