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House Bill 2896 |
House Author: Bonnen |
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Effective: See below |
Senate Sponsor: Nelson |
House Bill 2896, the biennial funds consolidation bill, abolishes all funds and accounts created or re‑created and all dedications or rededications of revenue collected by a state agency for a particular purpose by an act of the 87th Legislature, Regular Session, 2021, except those specifically exempted from abolishment under the bill's provisions. The bill creates and re‑creates certain accounts and funds and requires revenue that otherwise would be deposited to the credit of a special account or fund to instead be deposited to the credit of the undedicated portion of the general revenue fund unless the fund, account, or dedication is exempted under the bill's provisions.
Effective September 1, 2021, House Bill 2896 amends the Government Code and Transportation Code to revise provisions governing certain accounts and the dedication of certain revenue, postpone the expiration date of statutory provisions governing the use of dedicated revenue in treasury funds by the comptroller of public accounts, and revise the deadline by which the comptroller is required to eliminate all dedicated accounts for specialty license plates.
Except as otherwise provided, House Bill 2896 takes effect June 16, 2021.