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A BILL TO BE ENTITLED
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AN ACT
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Relating to the Texas emission reductions plan fund and account and |
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certain revenues deposited therein. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 501.138, Transportation Code, is amended |
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to read follows: |
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Section 501.138 (b-2) and (b-3) are repealed. |
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SECTION 2. Section 386.250, Health and Safety Code, is |
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hereby repealed. |
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Section 3. Section 1.05, Chapter 1301 (H.B. 3745), Acts of |
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the 86th Legislature, Regular Session, 2019, which amended Section |
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386.251, Health and Safety Code, is amended as follows: |
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Sec. 386.251. TEXAS EMISSIONS REDUCTION PLAN ACCOUNTFUND. |
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(a) The Texas emissions reduction plan accountfund is an account |
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in the state treasury. |
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(b) The accountfund is administered by the commission for |
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the benefit of the plan established under this chapter. The account |
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fund is exempt from the application of Section 403.095, Government |
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Code. Interest earned on the accountfund shall be credited to the |
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accountfund. |
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(c) The accountfund consists of its accumulated balance and |
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the amount of money transferred to the account under Section |
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386.250(c).(c). |
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(1) the amount of money deposited to the credit of the |
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fund under: |
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(A) Section 386.056; |
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(B) Sections 151.0515 and 152.0215, Tax Code; and |
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(C) Sections 502.358, and 548.5055, |
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Transportation Code; and |
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(2) grant money recaptured under Section 386.111(d) |
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and Chapter 391. |
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SECTION 4. This ACT takes effect September 1, 2021 |