It is assumed that any revenue implications associated with the bill would be insignificant.
Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Note: This legislation would add the Ship Channel Improvement Revolving Fund account to the statutory list in Government Code, Section 403.0956, of General Revenue dedicated accounts, the interest or earnings on which do not accrue to the General Revenue Fund. By amending Transportation Code 56.002(a), the bill would move the account into the State Highway Fund, which is a constitutional fund held outside of the General Revenue Fund. Government Code, Section 403.0956, does not apply to funds outside of the General Revenue Fund, such as the State Highway Fund and any accounts within the State Highway Fund.
No fiscal implication to units of local government is anticipated.