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| 2 | + | (In the Senate - Filed March 5, 2025; March 17, 2025, read |
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| 3 | + | first time and referred to Committee on Transportation; |
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| 4 | + | March 31, 2025, reported adversely, with favorable Committee |
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| 5 | + | Substitute by the following vote: Yeas 9, Nays 0; March 31, 2025, |
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| 6 | + | sent to printer.) |
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| 7 | + | Click here to see the committee vote |
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| 8 | + | COMMITTEE SUBSTITUTE FOR S.B. No. 1939 By: Hinojosa of Hidalgo |
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| 4 | 9 | | |
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| 5 | 10 | | |
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| 6 | 11 | | A BILL TO BE ENTITLED |
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| 7 | 12 | | AN ACT |
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| 8 | 13 | | relating to the ship channel improvement revolving fund. |
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| 9 | 14 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 10 | 15 | | SECTION 1. Section 403.0956, Government Code, is amended to |
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| 11 | 16 | | read as follows: |
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| 12 | 17 | | Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN |
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| 13 | 18 | | DEDICATED REVENUE. Notwithstanding any other law, all interest or |
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| 14 | 19 | | other earnings that accrue on all revenue held in an account in the |
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| 15 | 20 | | general revenue fund any part of which Section 403.095 makes |
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| 16 | 21 | | available for certification under Section 403.121 are available for |
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| 17 | 22 | | any general governmental purpose, and the comptroller shall deposit |
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| 18 | 23 | | the interest and earnings to the credit of the general revenue fund. |
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| 19 | 24 | | This section does not apply to: |
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| 20 | 25 | | (1) interest or earnings on revenue deposited in |
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| 21 | 26 | | accordance with Section 51.008, Education Code; |
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| 22 | 27 | | (2) an account that accrues interest or other earnings |
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| 23 | 28 | | on deposits of state or federal money the diversion of which is |
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| 24 | 29 | | specifically excluded by federal law; |
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| 25 | 30 | | (3) the lifetime license endowment account; |
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| 26 | 31 | | (4) the game, fish, and water safety account; |
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| 27 | 32 | | (5) the coastal protection account; |
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| 28 | 33 | | (6) the Alamo complex account; |
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| 29 | 34 | | (7) the artificial reef account; |
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| 30 | 35 | | (8) the sexual assault program fund; [or] |
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| 31 | 36 | | (9) the deferred maintenance fund account; or |
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| 32 | 37 | | (10) the ship channel improvement revolving fund. |
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| 33 | | - | SECTION 2. This Act takes effect immediately if it receives |
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| 38 | + | SECTION 2. Section 56.002(a), Transportation Code, is |
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| 39 | + | amended to read as follows: |
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| 40 | + | (a) The ship channel improvement revolving fund is a |
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| 41 | + | separate [an] account in the state highway [general revenue] fund. |
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| 42 | + | The fund is administered by the commission. |
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| 43 | + | SECTION 3. On the effective date of this Act, the |
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| 44 | + | comptroller of public accounts shall transfer the unencumbered |
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| 45 | + | balance of the ship channel improvement revolving fund established |
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| 46 | + | under Chapter 56, Transportation Code, to an account of the same |
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| 47 | + | name in the state highway fund. |
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| 48 | + | SECTION 4. This Act takes effect immediately if it receives |
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