Texas § GV.316.001 - LIMIT

§ GV.316.001. LIMIT

LIMIT. (a) For purposes of this subchapter, "consolidated general revenue appropriations" means appropriations from: (1) the general revenue fund in the state treasury; (2) a dedicated account in the general revenue fund in the state treasury; or (3) a general revenue-related fund in the state treasury as identified in the biennial statement required of the comptroller under Section 49a , Article III, Texas Constitution. (b) The rate of growth of appropriations in a state fiscal biennium from state tax revenues not dedicated by the constitution may not exceed the estimated rate of growth of the state's economy. (c) The rate of growth of consolidated general revenue appropriations in a state fiscal biennium may not exceed the estimated average biennial rate of growth of this state's population during the state fiscal biennium preceding the biennium for which appropriations are made and during the state fiscal biennium for which appropriations are made, adjusted by the estimated average biennial rate of monetary inflation in this state during the same period, as determined under Section 316.002 . (d) For purposes of this subchapter, the following appropriations must be excluded from computations used to determine whether appropriations exceed the amount authorized by Subsection (c): (1) an appropriation for a purpose that provides tax relief; or (2) an appropriation to pay costs associated with recovery from a disaster declared by the governor under Section 418.014 . (e) The Legislative Budget Board shall determine the rates described by Subsection (c) using the most recent information available from sources the board considers reliable, including the United States Bureau of Labor Statistics Consumer Price Index and the Texas Demographic Center. Acts 1985, 69th Leg., ch. 479, Sec. 1, eff. Sept. 1, 1985. Amended by: Acts 2021, 87th Leg., R.S., Ch. 437 (S.B. 1336 ), Sec. 1, eff. September 1, 2021.