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TX SB1939
Bill
Status
Passed
6/20/2025
Primary Sponsor
Juan Hinojosa
Click for details
AI Summary
- Adds the ship channel improvement revolving fund to the list of accounts exempt from having their interest and earnings redirected to the general revenue fund
- Allows the ship channel improvement revolving fund to retain all interest and earnings that accrue on its deposits, rather than those funds being swept for general governmental purposes
- Amends Section 403.0956 of the Government Code, which governs the reallocation of interest on dedicated revenue accounts
- Takes effect immediately upon receiving two-thirds vote in both chambers, otherwise takes effect September 1, 2025
- Passed the Senate 31-0 on April 2, 2025, and passed the House 114-23 on May 23, 2025
Legislative Description
Relating to the ship channel improvement revolving fund.
COMPTROLLER OF PUBLIC ACCOUNTS
Last Action
Effective immediately
6/20/2025
Committee Referrals
Transportation Funding Subcommittee4/9/2025
Transportation3/17/2025
Full Bill Text
No bill text available