AUSTIN (AP) — The Texas Legislature convened Monday to debate new funding for roads and bridges by diverting money from the state’s Rainy Day Fund.
A deal debated in the House on Monday evening would provide $1.2 billion a year for transportation by diverting half of the money currently flowing into the Rainy Day Fund. Because the Rainy Day Fund was created with a constitutional amendment, a supermajority of lawmakers is needed to makes change to it and voters must give final approval in the November 2014 general election.