Texas SB1939 transfers the unencumbered balance of the ship channel improvement revolving fund to the state highway fund.

Texas SB1939 amends the Transportation Code to reclassify the ship channel improvement revolving fund as a separate account within the state highway fund. The fund will be administered by the Texas Transportation Commission. The bill mandates the comptroller to transfer the unencumbered balance of the fund to an account in the state highway fund upon the act's effective date. The act can take effect immediately with a two-thirds vote from both legislative houses or on September 1, 2025, otherwise.

Texas SB1939 transfers the unencumbered balance of the ship channel improvement revolving fund to the state highway fund.

Texas SB1939 amends the Transportation Code to reclassify the ship channel improvement revolving fund as a separate account within the state highway fund. The fund will be administered by the Texas Transportation Commission. The bill mandates the comptroller to transfer the unencumbered balance of the fund to an account in the state highway fund upon the act's effective date. The act can take effect immediately with a two-thirds vote from both legislative houses or on September 1, 2025, otherwise.