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Hegar transfers excess revenue into rainy day, highway funds
AUSTIN— Texas Comptroller Glenn Hegar on Nov. 25 announced the transfer of $3.33 billion into the State Highway Fund and into the Economic Stabilization Fund, commonly known as the Rainy Day Fund. Each fund received more than $1.66 billion, or 50% of the total transfer. The transfer amounts are based on crude oil and natural gas production tax revenues in excess of 1987 collections.
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