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TX SB2981
Bill
Status
3/14/2025
Primary Sponsor
Kelly Hancock
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AI Summary
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Allocates $10,000,000 from the Texas Emissions Reduction Plan Fund to support recycling infrastructure projects that reduce emissions through the Recycling Innovation Grant Program under Section 361.0155
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If the fund earns less than $10,000,000 in interest, the commission must allocate whatever amount of interest was actually earned to the recycling program
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The funding mechanism is tied to interest earnings from the Texas Emissions Reduction Plan Fund, which is a trust fund held by the comptroller and administered by the commission
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Takes effect immediately with a two-thirds vote of both legislative chambers, otherwise takes effect September 1, 2025
Legislative Description
Relating to funding for recycling projects.
State Finances
Last Action
Referred to Natural Resources
4/7/2025