| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
| |
|
|
relating to the ship channel improvement revolving fund. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 403.0956, Government Code, is amended to |
|
|
read as follows: |
|
|
Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN |
|
|
DEDICATED REVENUE. Notwithstanding any other law, all interest or |
|
|
other earnings that accrue on all revenue held in an account in the |
|
|
general revenue fund any part of which Section 403.095 makes |
|
|
available for certification under Section 403.121 are available for |
|
|
any general governmental purpose, and the comptroller shall deposit |
|
|
the interest and earnings to the credit of the general revenue fund. |
|
|
This section does not apply to: |
|
|
(1) interest or earnings on revenue deposited in |
|
|
accordance with Section 51.008, Education Code; |
|
|
(2) an account that accrues interest or other earnings |
|
|
on deposits of state or federal money the diversion of which is |
|
|
specifically excluded by federal law; |
|
|
(3) the lifetime license endowment account; |
|
|
(4) the game, fish, and water safety account; |
|
|
(5) the coastal protection account; |
|
|
(6) the Alamo complex account; |
|
|
(7) the artificial reef account; |
|
|
(8) the sexual assault program fund; [or] |
|
|
(9) the deferred maintenance fund account; or |
|
|
(10) the ship channel improvement revolving fund. |
|
|
SECTION 2. Section 56.002(a), Transportation Code, is |
|
|
amended to read as follows: |
|
|
(a) The ship channel improvement revolving fund is a |
|
|
separate [an] account in the state highway [general revenue] fund. |
|
|
The fund is administered by the commission. |
|
|
SECTION 3. On the effective date of this Act, the |
|
|
comptroller of public accounts shall transfer the unencumbered |
|
|
balance of the ship channel improvement revolving fund established |
|
|
under Chapter 56, Transportation Code, to an account of the same |
|
|
name in the state highway fund. |
|
|
SECTION 4. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2025. |
|
|
|
|
|
* * * * * |