HB4905 - Relating to the ship channel improvement revolving fund.

  89R17846 AND-D     By: Perez of Harris H.B. No. 4905     Substitute the following for H.B. No. 4905:     By:  Craddick C.S.H.B. No. 4905       A BILL TO BE ENTITLED   AN ACT   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; [ or ]                (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.