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Senate Bill 1605 |
Senate Author: Ogden |
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Effective: 6-18-05 |
House Sponsor: Luna |
Senate Bill 1605 updates the "funds sweep" accounting mechanism in the Government Code to provide that dedicated revenues on August 31, 2007, that are estimated to exceed the amount appropriated by the General Appropriations Act and other enactments of the 79th Legislature are available temporarily for spending for general governmental purposes and for appropriations certification by the comptroller.
Senate Bill 1605 provides that a fund or account created or re-created in the state treasury by an act of the 79th Legislature, or a dedication or rededication of revenue by an act of the 79th Legislature, is abolished on the later of August 29, 2005, or the effective date of such act. The statutory dedications, funds, accounts, fee increases, or other dedicated revenues that were enacted before the 79th Legislature, Regular Session, 2005, convened, or that remain exempt under a former provision of the Government Code, are exempt from abolishment.
The following funds and accounts that are created or re-created, or revenue that is dedicated or rededicated, by an act of the 79th Legislature, Regular Session, 2005, are also exempt from abolishment: general revenue accounts created or re-created under Senate Bill 1863; dedications or rededications made by Senate Bill 1863 or House Bill 7; the Texas emerging technology fund; the convenience switch recovery account; the childhood immunization account; the employment and training investment holding fund; State Highway Fund 0006; Game, Fish, and Water Safety Account 0009; Texas Department of Insurance Operating Account 0036; Clean Air Account 0151; Coastal Protection Account 0027; Water Resource Management Account 0153; Unemployment Compensation Special Administration Account 0165; specified federal, trust, bond, constitutional, architectural, scholarship, and treasury funds and license plate fee revenues.