Texas HB265 modifies the allocation of constitutional transfers to the economic stabilization fund, state highway fund, and Grow Texas fund, and.

Texas HB265 amends the Government Code to adjust the allocation of constitutional transfers to the economic stabilization fund, state highway fund, and Grow Texas fund. The bill specifies that the comptroller must determine the balance of the fund and any projected transfers before making allocations. If the sum is less than the amount determined for a state fiscal biennium, the comptroller must reduce the allocation to the state highway fund and transfer a corresponding amount to the Grow Texas fund.

Texas HB265 modifies the allocation of constitutional transfers to the economic stabilization fund, state highway fund, and Grow Texas fund, and.

Texas HB265 amends the Government Code to adjust the allocation of constitutional transfers to the economic stabilization fund, state highway fund, and Grow Texas fund. The bill specifies that the comptroller must determine the balance of the fund and any projected transfers before making allocations. If the sum is less than the amount determined for a state fiscal biennium, the comptroller must reduce the allocation to the state highway fund and transfer a corresponding amount to the Grow Texas fund.