Bill Text: TX HB367 | 2017 | 85th Legislature 1st Special Session | Engrossed
Bill Title: Relating to the deposit of money received from the federal government and the authority of the comptroller concerning related funds and accounts.
Sponsorship: Moderate Partisan Bill (Republican 8-1)
Status: (Engrossed - Dead) 2017-08-14 - Received from the House [HB367 Detail]
Download: Texas-2017-HB367-Engrossed.html
| 85S12157 KLA-D | ||
| By: Capriglione, Koop, Zerwas, Simmons, | H.B. No. 367 | |
| Howard, et al. | ||
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| relating to the deposit of money received from the federal | ||
| government and the authority of the comptroller concerning related | ||
| funds and accounts. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 403, Government Code, is | ||
| amended by adding Section 403.0125 to read as follows: | ||
| Sec. 403.0125. FEDERAL MONEY DEPOSITED TO TREASURY. (a) | ||
| The comptroller may not deposit to the credit of the general revenue | ||
| fund money received from the federal government. Interest, other | ||
| earnings on money, earned credits, and indirect cost recoveries | ||
| received from the federal government shall be deposited to the | ||
| credit of the general revenue fund. The comptroller shall account | ||
| for and administer federal money separately from money in the | ||
| general revenue fund in a manner that ensures federal money is used | ||
| for the purposes for which federal money is received. | ||
| (b) To facilitate the administration of federal money under | ||
| this section or other law, the comptroller may: | ||
| (1) designate or create a fund or account in the | ||
| treasury for the deposit of federal money and any interest or other | ||
| earnings on the federal money; or | ||
| (2) merge, consolidate, or segregate funds or accounts | ||
| or money deposited to funds or accounts. | ||
| (c) This section prevails over other general law that | ||
| provides for money received from the federal government, or | ||
| earnings on money received from the federal government, to be | ||
| deposited to the credit of the general revenue fund. To the extent | ||
| of any other conflict between this section and other law, this | ||
| section controls. | ||
| SECTION 2. 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 on the 91st day after the last day of the | ||
| legislative session. | ||
