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      By: Hancock S.B. No. 2981               A BILL TO BE ENTITLED   AN ACT   relating to funding for recycling projects.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 386.250, Health and Safety Code, is   amended to read as follows:          Sec. 386.250.  TEXAS EMISSIONS REDUCTION PLAN FUND.  (a) The   Texas emissions reduction plan fund is established as a trust fund   outside the state treasury to be held by the comptroller and   administered by the commission as trustee. Money in the fund may be   spent without legislative appropriation and may be used only as   provided by this chapter. Interest and other earnings on the   balance of the fund shall be credited to the fund.          (b)  The fund consists of:                (1)  the amount of money deposited to the credit of the   fund under:                      (A)  Section 386.056 ;                      (B)  Sections 151.0515 and 152.0215 , Tax Code; and                      (C)  Sections 501.138 , 502.358 , and 548.5055 ,   Transportation Code; and                (2)  grant money recaptured under Section 386.111 (d)   and Chapter 391 .           (c)     If the fund earns at least $10,000,000 in interest, the   commission shall allocate $10,000,000 from the fund to support   recycling infrastructure projects that reduce emissions as part of   the Recycling Innovation Grant Program under Section 361.0155. If   the fund earns less than $10,000,000 in interest, the commission   shall allocate the equivalent amount of interest earned by the fund   to support recycling infrastructure projects that reduce emissions   as part of the Recycling Innovation Grant Program under Section   361.0155.          ( c d ) Not later than the 30th day after the last day of each   state fiscal biennium, the commission shall transfer the   unencumbered balance of the fund remaining on the last day of the   state fiscal biennium to the credit of the state highway fund for   use by the Texas Department of Transportation for projects   described by Section 386.051 (b)(19).          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.