Texas Health and Safety Code 386.250 – Texas Emissions Reduction Plan Fund
Current as of: 2024 | Check for updates
|
Other versions
(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) § 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 § 386.111(d) and Chapter 391.
Terms Used In Texas Health and Safety Code 386.250
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Trustee: A person or institution holding and administering property in trust.
(c) 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 § 386.051(b)(19).