89S10334 CS-D     By: Bell of Montgomery H.B. No. 156       A BILL TO BE ENTITLED   AN ACT   relating to the allocation and deposit of certain surplus state   revenue to the property tax relief fund for use in reducing school   district maintenance and operations ad valorem taxes.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 403.109, Government Code, is amended by   adding Subsections (e) and (f) to read as follows:          (e)  Not later than the 90th day after the last day of each   state fiscal biennium, the comptroller shall deposit to the credit   of the fund general revenue in an amount equal to one-half of the   amount by which the total available general revenue for that   biennium at the end of the biennium exceeds the amount of total   available general revenue stated in the comptroller's biennial   revenue estimate for that biennium.          (f)  Notwithstanding any other provision of this section,   money deposited to the credit of the fund under Subsection (e) may   be appropriated only to the Texas Education Agency for use in   providing property tax relief through reduction of the state   compression percentage, as defined by Section 48.255, Education   Code.          SECTION 2.  This Act applies beginning with the state fiscal   biennium beginning September 1, 2027.          SECTION 3.  This Act takes effect on the 91st day after the   last day of the legislative session.