| 4 | 3 | | |
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| 5 | 4 | | |
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| 6 | 5 | | A BILL TO BE ENTITLED |
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| 7 | 6 | | AN ACT |
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| 8 | 7 | | relating to the deposit of money received from the federal |
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| 9 | 8 | | government and the authority of the comptroller concerning related |
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| 10 | 9 | | funds and accounts. |
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| 11 | 10 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 11 | | SECTION 1. Subchapter B, Chapter 403, Government Code, is |
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| 13 | 12 | | amended by adding Section 403.0125 to read as follows: |
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| 14 | 13 | | Sec. 403.0125. FEDERAL MONEY DEPOSITED TO TREASURY. (a) |
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| 15 | 14 | | The comptroller may not deposit to the credit of the general revenue |
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| 16 | 15 | | fund money received from the federal government. Interest, other |
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| 17 | 16 | | earnings on money, earned credits, and indirect cost recoveries |
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| 18 | 17 | | received from the federal government shall be deposited to the |
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| 19 | 18 | | credit of the general revenue fund. The comptroller shall account |
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| 20 | 19 | | for and administer federal money separately from money in the |
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| 21 | 20 | | general revenue fund in a manner that ensures federal money is used |
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| 22 | 21 | | for the purposes for which federal money is received. |
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| 23 | 22 | | (b) To facilitate the administration of federal money under |
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| 24 | 23 | | this section or other law, the comptroller may: |
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| 25 | 24 | | (1) designate or create a fund or account in the |
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| 26 | 25 | | treasury for the deposit of federal money and any interest or other |
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| 27 | 26 | | earnings on the federal money; or |
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| 28 | 27 | | (2) merge, consolidate, or segregate funds or accounts |
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| 29 | 28 | | or money deposited to funds or accounts. |
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| 30 | 29 | | (c) This section prevails over other general law that |
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| 31 | 30 | | provides for money received from the federal government, or |
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| 32 | 31 | | earnings on money received from the federal government, to be |
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| 33 | 32 | | deposited to the credit of the general revenue fund. To the extent |
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| 34 | 33 | | of any other conflict between this section and other law, this |
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| 35 | 34 | | section controls. |
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| 36 | 35 | | SECTION 2. This Act takes effect immediately if it receives |
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| 37 | 36 | | a vote of two-thirds of all the members elected to each house, as |
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| 38 | 37 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 39 | 38 | | Act does not receive the vote necessary for immediate effect, this |
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| 40 | 39 | | Act takes effect on the 91st day after the last day of the |
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| 41 | 40 | | legislative session. |
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