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A BILL TO BE ENTITLED
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AN ACT
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relating to the ship channel improvement revolving fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 403.0956, Government Code, is amended to |
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read as follows: |
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Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN |
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DEDICATED REVENUE. Notwithstanding any other law, all interest or |
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other earnings that accrue on all revenue held in an account in the |
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general revenue fund any part of which Section 403.095 makes |
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available for certification under Section 403.121 are available for |
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any general governmental purpose, and the comptroller shall deposit |
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the interest and earnings to the credit of the general revenue fund. |
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This section does not apply to: |
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(1) interest or earnings on revenue deposited in |
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accordance with Section 51.008, Education Code; |
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(2) an account that accrues interest or other earnings |
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on deposits of state or federal money the diversion of which is |
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specifically excluded by federal law; |
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(3) the lifetime license endowment account; |
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(4) the game, fish, and water safety account; |
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(5) the coastal protection account; |
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(6) the Alamo complex account; |
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(7) the artificial reef account; |
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(8) the sexual assault program fund; [or] |
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(9) the deferred maintenance fund account; or |
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(10) the ship channel improvement revolving fund. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |