By: Nichols S.B. No. 1559
A BILL TO BE ENTITLED
AN ACT
Relating to the Texas emission reductions plan fund and account and
certain revenues deposited therein.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 501.138, Transportation Code, is amended
to read follows:
Section 501.138 (b-2) and (b-3) are repealed.
SECTION 2. Section 386.250, Health and Safety Code, is
hereby repealed.
Section 3. Section 1.05, Chapter 1301 (H.B. 3745), Acts of
the 86th Legislature, Regular Session, 2019, which amended Section
386.251, Health and Safety Code, is amended as follows:
Sec. 386.251. TEXAS EMISSIONS REDUCTION PLAN ACCOUNTFUND.
(a) The Texas emissions reduction plan accountfund is an account
in the state treasury.
(b) The accountfund is administered by the commission for
the benefit of the plan established under this chapter. The account
fund is exempt from the application of Section 403.095, Government
Code. Interest earned on the accountfund shall be credited to the
accountfund.
(c) The accountfund consists of its accumulated balance and
the amount of money transferred to the account under Section
386.250(c).(c).
(1) the amount of money deposited to the credit of the
fund under:
(A) Section 386.056;
(B) Sections 151.0515 and 152.0215, Tax Code; and
(C) Sections 502.358, and 548.5055,
Transportation Code; and
(2) grant money recaptured under Section 386.111(d)
and Chapter 391.
SECTION 4. This ACT takes effect September 1, 2021