Bill Text: TX SB1040 | 2019-2020 | 86th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to the use of money in the ship channel improvement revolving fund.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2019-05-21 - Placed on General State Calendar [SB1040 Detail]

Download: Texas-2019-SB1040-Introduced.html

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86R826 BEE-D
By: Taylor S.B. No. 1040

A BILL TO BE ENTITLED
AN ACT
relating to the use of money in the ship channel improvement
revolving fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 56.003(a), Transportation Code, is
amended to read as follows:
(a) The commission by rule shall establish a revolving loan
program to use money from the fund to finance qualified projects of:
(1) [for] navigation districts; or
(2) municipalities or boards of trustees under Chapter
54.
SECTION 2. This Act takes effect September 1, 2019.