SIGNIFICANT COMMITTEE ACTIONS
H.B. 77 (Flynn), permitting city depository banks to pool collateral for deposit amounts in excess of FDIC insurance, giving cities and banks the option to participate in the program, requiring 102-percent collateralization, requiring state comptroller oversight of pooled collateral, and requiring third-party safekeeping of collateral in most cases. Reported from the Senate Finance Committee.
S.B. 263 (Carona), relating to the issuance by TxDoT of general obligation bonds for highway improvement projects. Reported from the House Transportation Committee.
S.B. 475 (Wentworth), relating to property tax exemptions. Reported from the House Ways and Means Committee. As reported, this bill would make mandatory a property tax exemption (currently optional) for certain charitable organizations and would enact an exemption for some property owned by certain chambers of commerce. The bills fiscal note estimates a cost to cities statewide of $4.7 million in 2010, an amount that would increase to $8.2 million by 2014.
S.B. 544 (Ellis), prohibiting smoking in most public places in Texas. Reported from the Senate Health and Human Services Committee. As reported, this bill would pre-empt local smoking ordinances except for ordinances that are more stringent than the bills provisions.
S.B. 855 (Carona), providing for the imposition of a ten-cent-per-gallon, local-option motor fuels tax, upon approval of the voters, for mobility improvement projects in certain areas of the state. Reported from the House Transportation Committee.
S.B. 947 (Duncan), relating to the exemption from ad valorem taxation of certain tangible personal property stored temporarily at a location in this state. Reported from the House Ways and Means Committee.
S.B. 1202 (Deuell), relating to the collection and allocation of local sales taxes. Reported from the House Ways and Means Committee.
S.B. 1947 (West), allowing two or more cities to designate a joint tax increment financing reinvestment zone. Reported from the House Ways and Means Committee.
S.J.R. 9 (Carona), relating to transportation funding. Reported from the House Transportation Committee. As reported, this legislation proposes to amend the Texas Constitution by phasing out, by 2018, the funding of the Department of Public Safety by transportation-related fees and taxes.
S.J.R. 52 (Davis), proposing to amend the Texas Constitution to allow the legislature to authorize a county to levy a gasoline/diesel fuel tax, assess an additional vehicle registration fee, and use the revenue for mobility projects. Reported from the House Transportation Committee.