By: Hinojosa of Hidalgo S.B. No. 1939
(In the Senate - Filed March 5, 2025; March 17, 2025, read
first time and referred to Committee on Transportation;
March 31, 2025, reported adversely, with favorable Committee
Substitute by the following vote: Yeas 9, Nays 0; March 31, 2025,
sent to printer.)
Click here to see the committee vote
COMMITTEE SUBSTITUTE FOR S.B. No. 1939 By: Hinojosa of Hidalgo
A BILL TO BE ENTITLED
AN ACT
relating to the ship channel improvement revolving fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 403.0956, Government Code, is amended to
read as follows:
Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN
DEDICATED REVENUE. Notwithstanding any other law, all interest or
other earnings that accrue on all revenue held in an account in the
general revenue fund any part of which Section 403.095 makes
available for certification under Section 403.121 are available for
any general governmental purpose, and the comptroller shall deposit
the interest and earnings to the credit of the general revenue fund.
This section does not apply to:
(1) interest or earnings on revenue deposited in
accordance with Section 51.008, Education Code;
(2) an account that accrues interest or other earnings
on deposits of state or federal money the diversion of which is
specifically excluded by federal law;
(3) the lifetime license endowment account;
(4) the game, fish, and water safety account;
(5) the coastal protection account;
(6) the Alamo complex account;
(7) the artificial reef account;
(8) the sexual assault program fund; [or]
(9) the deferred maintenance fund account; or
(10) the ship channel improvement revolving fund.
SECTION 2. Section 56.002(a), Transportation Code, is
amended to read as follows:
(a) The ship channel improvement revolving fund is a
separate [an] account in the state highway [general revenue] fund.
The fund is administered by the commission.
SECTION 3. On the effective date of this Act, the
comptroller of public accounts shall transfer the unencumbered
balance of the ship channel improvement revolving fund established
under Chapter 56, Transportation Code, to an account of the same
name in the state highway fund.
SECTION 4. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2025.
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