kvue.com
Posted on July 29, 2013 at 7:28 AM
Updated today at 7:41 AM
AUSTIN -- The Texas House and Senate are meeting Monday to continue negotiating a plan to fund new state road projects.
The transportation bill would give the Texas Department of Transportation an additional $848 million a year. According to the bill, the money would come from the state's Rainy Day Fund.
Lawmakers are looking to divert some of the revenue collected from oil and gas taxes that would otherwise go into the fund directly. The Senate wants to create a limitation to make sure the Rainy Day Fund doesn't fall below a certain floor.
"The members feel, and I do too, that we want to make sure there's a comfortable amount of money in the Rainy Day Fund," explained State Senator Robert Nichols (R) Jacksonville.
Lawmakers have until Tuesday to reach an agreement before the second special session ends. Governor Rick Perry has promised that if lawmakers can't reach a compromise by then, he will call them back for a third special session.
"Don't think just because you have the power to call us back, you're going to get the votes. In fact, to be honest with you, if I get called back I'm going to have a very bad attitude," said State Senator Rodney Ellis (D) Houston.
If a deal is reached it will then go to Texas voters. A change in funding for TxDOT will require an amendment to the Texas Constitution. A change in the constitution requires voter approval.
Source: http://www.kvue.com/news/local/Texas-lawmakers-negotiating-transportation-bill-217366301.html
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