Loading chat...
TX HB4488
Bill
Status
6/20/2025
Primary Sponsor
Greg Bonnen
Click for details
AI Summary
-
Abolishes all new funds, accounts, and revenue dedications created by the 89th Legislature (2025) on August 31, 2025 or their effective date, unless specifically exempted by this Act
-
Exempts from abolition: funds required by federal/constitutional law, trust funds, bond funds, constitutional dedications approved by voters, and previously exempt accounts
-
Creates or re-creates specific exempt accounts including the Texas Advanced Nuclear Development Fund, Gulf Coast Protection Account, Texas Strategic Bitcoin Reserve, Dementia Prevention and Research Fund, Texas Water Fund Administrative Fund, and Texas Moving Image Industry Incentive Fund
-
Exempts specific revenue dedications to accounts including the oil and gas regulation fund, state highway fund, water resource management account, game/fish/water safety account, and compensation to victims of crime fund
-
Extends Section 403.095, Government Code through September 1, 2027 (from 2025), allowing dedicated revenues exceeding appropriations to be used for general governmental purposes and budget certification
-
Redirects all interest and earnings accrued on dedicated accounts in general revenue to general governmental purposes, with specific exceptions for accounts like the game/fish/water safety account and coastal protection account
Legislative Description
Relating to the creation and re-creation of funds and accounts, the dedication and rededication of revenue and allocation of accrued interest on dedicated revenue, and the exemption of unappropriated money from use for general governmental purposes.
State Finances
Last Action
See remarks for effective date
6/20/2025