86R826 BEE-D
 
  By: Taylor S.B. No. 1040
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the use of money in the ship channel improvement
  revolving fund.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 56.003(a), Transportation Code, is
  amended to read as follows:
         (a)  The commission by rule shall establish a revolving loan
  program to use money from the fund to finance qualified projects of:
               (1)  [for] navigation districts; or
               (2)  municipalities or boards of trustees under Chapter
  54.
         SECTION 2.  This Act takes effect September 1, 2019.