Bill Text: TX SB1939 | 2025-2026 | 89th Legislature | Enrolled
Bill Title: Relating to the ship channel improvement revolving fund.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Passed) 2025-06-20 - Effective immediately [SB1939 Detail]
Download: Texas-2025-SB1939-Enrolled.html
| S.B. No. 1939 | ||
|
|
||
| relating to the ship channel improvement revolving fund. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 403.0956, Government Code, is amended to | ||
| read as follows: | ||
| Sec. 403.0956. REALLOCATION OF INTEREST ACCRUED ON CERTAIN | ||
| DEDICATED REVENUE. Notwithstanding any other law, all interest or | ||
| other earnings that accrue on all revenue held in an account in the | ||
| general revenue fund any part of which Section 403.095 makes | ||
| available for certification under Section 403.121 are available for | ||
| any general governmental purpose, and the comptroller shall deposit | ||
| the interest and earnings to the credit of the general revenue fund. | ||
| This section does not apply to: | ||
| (1) interest or earnings on revenue deposited in | ||
| accordance with Section 51.008, Education Code; | ||
| (2) an account that accrues interest or other earnings | ||
| on deposits of state or federal money the diversion of which is | ||
| specifically excluded by federal law; | ||
| (3) the lifetime license endowment account; | ||
| (4) the game, fish, and water safety account; | ||
| (5) the coastal protection account; | ||
| (6) the Alamo complex account; | ||
| (7) the artificial reef account; | ||
| (8) the sexual assault program fund; [ |
||
| (9) the deferred maintenance fund account; or | ||
| (10) the ship channel improvement revolving fund. | ||
| 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 September 1, 2025. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 1939 passed the Senate on | ||
| April 2, 2025, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 1939 passed the House on | ||
| May 23, 2025, by the following vote: Yeas 114, Nays 23, one | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
