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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 56.002(a), Transportation Code, is |
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amended to read as follows: |
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(a) The ship channel improvement revolving fund is a |
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separate [an] account in the state highway [general revenue] fund. |
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The fund is administered by the commission. |
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SECTION 2. On the effective date of this Act, the |
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comptroller of public accounts shall transfer the unencumbered |
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balance of the ship channel improvement revolving fund established |
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under Chapter 56, Transportation Code, to an account of the same |
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name in the state highway fund. |
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SECTION 3. 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. |