By: Taylor S.B. No. 1040

(In the Senate - Filed February 22, 2019; March 7, 2019, read first time and referred to Committee on Transportation; April 4, 2019, reported favorably by the following vote: Yeas 9, Nays 0; April 4, 2019, sent to printer.) Click here to see the committee vote

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.

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