Enrolled Bill Summary

Senate Bill 1499	Senate Author:  Nichols
Effective:  9-1-23	House Sponsor:  Canales

            Senate Bill 1499 amends the Transportation Code to revise provisions relating to the funding of certain port projects. The bill clarifies that the Port Authority Advisory Committee determines the facilities necessary for certain project funding purposes, extends the eligibility for port project funding to projects acquiring equipment used to move cargo and passengers in all types of commerce and trade, and caps the funding that an eligible applicant may receive from the port access account fund at 20 percent of the total amount of appropriations to the Texas Department of Transportation in a fiscal biennium to fund eligible projects. The bill requires money appropriated to the fund by the legislature and money received from the federal government to be credited to the fund and restricts the use of such money appropriated by the legislature to funding eligible port projects.