Texas HB4905 amends the Transportation Code to establish the ship channel improvement revolving fund as a separate account in the state highway fund.

Texas HB4905 amends Section 56.002(a) of the Transportation Code to redefine the ship channel improvement revolving fund as a separate account within the state highway fund. The fund will be administered by the commission. The bill also mandates the comptroller of public accounts to transfer the unencumbered balance of the fund to an account of the same name in the state highway fund. The act will take effect on September 1, 2025, unless it receives a two-thirds vote from all members elected to each house, in which case it would take effect immediately.

Texas HB4905 amends the Transportation Code to establish the ship channel improvement revolving fund as a separate account in the state highway fund.

Texas HB4905 amends Section 56.002(a) of the Transportation Code to redefine the ship channel improvement revolving fund as a separate account within the state highway fund. The fund will be administered by the commission. The bill also mandates the comptroller of public accounts to transfer the unencumbered balance of the fund to an account of the same name in the state highway fund. The act will take effect on September 1, 2025, unless it receives a two-thirds vote from all members elected to each house, in which case it would take effect immediately.