| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the deposit of money received from the federal |
|
|
government. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter B, Chapter 403, Government Code, is |
|
|
amended by adding Section 403.0125 to read as follows: |
|
|
Sec. 403.0125. FEDERAL MONEY DEPOSITED TO TREASURY. (a) |
|
|
The comptroller may not deposit to the credit of the general revenue |
|
|
fund money received from the federal government or accrued interest |
|
|
or other earnings on money received from the federal government. |
|
|
This subsection prevails over other general law that provides for |
|
|
money received from the federal government, or earnings on money |
|
|
received from the federal government, to be deposited to the credit |
|
|
of the general revenue fund or to the credit of an account in the |
|
|
general revenue fund. The comptroller shall account for and |
|
|
administer federal money separately from money in the general |
|
|
revenue fund in a manner that ensures federal money and earnings on |
|
|
federal money are used for the purposes for which federal money is |
|
|
received. |
|
|
(b) The comptroller may establish a special fund in the |
|
|
treasury for the purpose of holding money received from the federal |
|
|
government for deposit to the state treasury and any interest or |
|
|
other earnings on the federal money. |
|
|
SECTION 2. This Act takes effect September 1, 2015. |