Bill Text: TX HB1741 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the deposit of money received from the federal government.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-06 - Referred to Appropriations [HB1741 Detail]
Download: Texas-2017-HB1741-Introduced.html
| 85R7421 MK-D | ||
| By: Bonnen of Galveston | H.B. No. 1741 | |
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| relating to the deposit of money received from the federal | ||
| government. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter B, Chapter 403, Government Code, is | ||
| amended by adding Section 403.0125 to read as follows: | ||
| Sec. 403.0125. FEDERAL MONEY DEPOSITED TO TREASURY. (a) | ||
| The comptroller may not deposit to the credit of the general revenue | ||
| fund money received from the federal government or accrued interest | ||
| or other earnings on money received from the federal government. | ||
| This subsection prevails over other general law that provides for | ||
| money received from the federal government, or earnings on money | ||
| received from the federal government, to be deposited to the credit | ||
| of the general revenue fund or to the credit of an account in the | ||
| general revenue fund. The comptroller shall account for and | ||
| administer federal money separately from money in the general | ||
| revenue fund in a manner that ensures federal money and earnings on | ||
| federal money are used for the purposes for which federal money is | ||
| received. | ||
| (b) The comptroller may establish a special fund in the | ||
| treasury for the purpose of holding money received from the federal | ||
| government for deposit to the state treasury and any interest or | ||
| other earnings on the federal money. | ||
| SECTION 2. This Act takes effect September 1, 2017. | ||
