HB3471 - Relating to the permissible uses of money attributable to the historic infrastructure sustainability trust fund.

  89R14581 GP-F     By: Metcalf H.B. No. 3471       A BILL TO BE ENTITLED   AN ACT   relating to the permissible uses of money attributable to the   historic infrastructure sustainability trust fund.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Sections 442.0151(b), (f), and (h), Government   Code, are amended to read as follows:          (b)  The historic infrastructure sustainability trust fund   is created as a trust fund outside the treasury held by the trust   company and administered by the comptroller as trustee on behalf of   the people of this state to generate earnings on money in the fund   for the purpose of maintaining, preserving, rehabilitating,   improving, and restoring historic sites throughout the state.          (f)  The commission annually may request a distribution from   the fund in an amount that may not exceed the amount the trust   company determines is available for distribution in the applicable   year under Subsection (d). Money distributed from the fund to the   commission may be used only for the purpose of maintaining,   preserving, rehabilitating, improving, and restoring state   historic sites under the control of the commission and for the   historic courthouse preservation program under Section 442.0081.   The commission shall allocate at least one-third of each annual   distribution from the fund under this subsection for the historic   courthouse preservation program. The commission may not use money   received from an annual distribution under this subsection to pay   salaries, employee benefits, costs associated with employee   benefits, or administration, operating, or program costs of the   commission.          (h)  The commission may receive an additional distribution   from the fund under Subsection (g) only after the commission   certifies to the Legislative Budget Board that:                (1)  the commission has reviewed and approved the use   of the money;                (2)  all purchases made with the money will conform to   any applicable provision of law governing state procurement and   contracting; and                (3)  the money will not be used to:                      (A)  pay salaries, employee benefits, costs   associated with employee benefits, or administration, operating,   or program costs of the commission or the state historic sites under   the control of the commission;                      (B)  acquire new historic sites [ or real   property ]; or                      (C)  purchase capital equipment that is not   related to the rehabilitation or restoration of a historic site   under the control of the commission or the historic courthouse   preservation program under Section 442.0081.          SECTION 2.  The change in law made by this Act applies only   to a distribution from the historic infrastructure sustainability   trust fund requested by the Texas Historical Commission on or after   the effective date of this Act.          SECTION 3.  This Act takes effect September 1, 2025.