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A BILL TO BE ENTITLED
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AN ACT
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relating to funding for recycling projects. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 386.250, Health and Safety Code, is |
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amended to read as follows: |
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Sec. 386.250. TEXAS EMISSIONS REDUCTION PLAN FUND. (a) The |
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Texas emissions reduction plan fund is established as a trust fund |
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outside the state treasury to be held by the comptroller and |
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administered by the commission as trustee. Money in the fund may be |
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spent without legislative appropriation and may be used only as |
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provided by this chapter. Interest and other earnings on the |
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balance of the fund shall be credited to the fund. |
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(b) The fund consists of: |
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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 501.138, 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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(c) If the fund earns at least $10,000,000 in interest, the |
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commission shall allocate $10,000,000 from the fund to support |
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recycling infrastructure projects that reduce emissions as part of |
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the Recycling Innovation Grant Program under Section 361.0155. If |
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the fund earns less than $10,000,000 in interest, the commission |
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shall allocate the equivalent amount of interest earned by the fund |
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to support recycling infrastructure projects that reduce emissions |
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as part of the Recycling Innovation Grant Program under Section |
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361.0155. |
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(cd) Not later than the 30th day after the last day of each |
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state fiscal biennium, the commission shall transfer the |
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unencumbered balance of the fund remaining on the last day of the |
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state fiscal biennium to the credit of the state highway fund for |
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use by the Texas Department of Transportation for projects |
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described by Section 386.051(b)(19). |
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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. |