Texas 2025 - 89th Regular

Texas House Bill HB3471 Latest Draft

Bill / Introduced Version Filed 02/27/2025

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                            89R14581 GP-F
 By: Metcalf H.B. No. 3471




 A BILL TO BE ENTITLED
 AN ACT
 relating to the permissible uses of money attributable to the
 historic infrastructure sustainability trust fund.
 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 SECTION 1.  Sections 442.0151(b), (f), and (h), Government
 Code, are amended to read as follows:
 (b)  The historic infrastructure sustainability trust fund
 is created as a trust fund outside the treasury held by the trust
 company and administered by the comptroller as trustee on behalf of
 the people of this state to generate earnings on money in the fund
 for the purpose of maintaining, preserving, rehabilitating,
 improving, and restoring historic sites throughout the state.
 (f)  The commission annually may request a distribution from
 the fund in an amount that may not exceed the amount the trust
 company determines is available for distribution in the applicable
 year under Subsection (d). Money distributed from the fund to the
 commission may be used only for the purpose of maintaining,
 preserving, rehabilitating, improving, and restoring state
 historic sites under the control of the commission and for the
 historic courthouse preservation program under Section 442.0081.
 The commission shall allocate at least one-third of each annual
 distribution from the fund under this subsection for the historic
 courthouse preservation program. The commission may not use money
 received from an annual distribution under this subsection to pay
 salaries, employee benefits, costs associated with employee
 benefits, or administration, operating, or program costs of the
 commission.
 (h)  The commission may receive an additional distribution
 from the fund under Subsection (g) only after the commission
 certifies to the Legislative Budget Board that:
 (1)  the commission has reviewed and approved the use
 of the money;
 (2)  all purchases made with the money will conform to
 any applicable provision of law governing state procurement and
 contracting; and
 (3)  the money will not be used to:
 (A)  pay salaries, employee benefits, costs
 associated with employee benefits, or administration, operating,
 or program costs of the commission or the state historic sites under
 the control of the commission;
 (B)  acquire new historic sites [or real
 property]; or
 (C)  purchase capital equipment that is not
 related to the rehabilitation or restoration of a historic site
 under the control of the commission or the historic courthouse
 preservation program under Section 442.0081.
 SECTION 2.  The change in law made by this Act applies only
 to a distribution from the historic infrastructure sustainability
 trust fund requested by the Texas Historical Commission on or after
 the effective date of this Act.
 SECTION 3.  This Act takes effect September 1, 2025.