Issue Date: 2024-01-01
Revised Date:

Legal Cites

Origin:

H.J.R. 125 and H.B. 9, 88th Leg., R.S., effective January 1, 2024

Purpose

Created as a fund in the state treasury administered by the comptroller held and invested by the Texas Treasury Safekeeping Trust Company. The fund consists of transfers, appropriations, interest and investment earnings, gifts, grants, donations, and other revenue deposited to the fund as authorized by law. Money in the fund may be spent without legislative appropriation.

The fund may be used only for:

  • The state’s broadband development program (Chapter 490)
  • 9-1-1 and next generation 9-1-1 services, including its costs of equipment, operations, and administration (Chapter 771, Health and Safety Code)
  • Texas Broadband Pole Replacement Program
  • Matching funds for federal money provided for the Broadband Equity, Access, and Deployment Program
  • Expanding access to broadband service in economically distressed communities.

H.B. 9 required a one-time $155 million transfer from the fund to Fund 0195 – Next Generation 9-1-1 Service and a $75 million one-time transfer to Fund 0188 - Broadband Pole Replacement by 9/15/2024.

Classification Group 02: Constitutional Funds Expendable for a Specific Purpose [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique Appropriated by the Texas Constitution.

Note

H.J.R. 125, 88th Leg., R.S. approved by voters November 7, 2023.

USAS Values

USAS Title TEXAS BROADBAND INFRASTRUCTURE FUND
Consolidated Fund
State Fund Group 02 - CONSTITUTIONAL FDS EXP FOR SPECIFIC PURP
USAS Status A
Created by the state's constitution or receiving constitutionally dedicated revenue and expended for a specific purpose.