Texas 2023 - 88th 3rd C.S.

Texas Senate Bill SB62 Latest Draft

Bill / Introduced Version Filed 10/11/2023

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                            88S30428 KBB-F
 By: Alvarado S.B. No. 62


 A BILL TO BE ENTITLED
 AN ACT
 relating to the creation of the Gulf Coast protection account to be
 administered by the General Land Office.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Subchapter C, Chapter 31, Natural Resources
 Code, is amended by adding Section 31.070 to read as follows:
 Sec. 31.070.  GULF COAST PROTECTION ACCOUNT. (a)  The Gulf
 Coast protection account is a dedicated account in the general
 revenue fund administered by the land office under this section and
 rules adopted by the land office.
 (b)  The Gulf Coast protection account consists of:
 (1)  money from gifts, donations, and grants; and
 (2)  money appropriated, credited, or transferred to
 the account by the legislature.
 (c)  Money in the Gulf Coast protection account may be used
 only to pay for expenditures that:
 (1)  are necessary to fulfill nonfederal sponsor
 obligations under agreements with the United States Army Corps of
 Engineers for implementing projects included in the plan
 recommended by the Coastal Texas Protection and Restoration
 Feasibility Study Final Report and Final Environmental Impact
 Statement, both dated August 2021 and issued by the Galveston
 District of the United States Army Corps of Engineers and the land
 office;
 (2)  comply with the terms of a local cooperation
 agreement executed by the land office and the Gulf Coast Protection
 District established under Chapter 9502, Special District Local
 Laws Code; and
 (3)  are for projects that:
 (A)  are necessary or useful for the protection of
 the portion of the Gulf Coast located within the territory of the
 district; or
 (B)  would benefit the district and are designated
 as coastal storm risk management projects within the Coastal Texas
 Protection and Restoration Feasibility Study.
 (d)  The legislature finds that the expenditure of money in
 the Gulf Coast protection account in accordance with Subsection (c)
 serves a public purpose.
 (e)  The expenditure of money in the Gulf Coast protection
 account is subject to audit by the state auditor.
 SECTION 2.  This Act takes effect on the 91st day after the
 last day of the legislative session.