88S30428 KBB-F
	By: Alvarado	S.B. No. 62

	A BILL TO BE ENTITLED
	AN ACT
	relating to the creation of the Gulf Coast protection account to be
	administered by the General Land Office.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1.  Subchapter C, Chapter 31, Natural Resources
	Code, is amended by adding Section 31.070 to read as follows:
	Sec. 31.070.  GULF COAST PROTECTION ACCOUNT. (a)  The Gulf
	Coast protection account is a dedicated account in the general
	revenue fund administered by the land office under this section and
	rules adopted by the land office.
	(b)  The Gulf Coast protection account consists of:
	(1)  money from gifts, donations, and grants; and
	(2)  money appropriated, credited, or transferred to
	the account by the legislature.
	(c)  Money in the Gulf Coast protection account may be used
	only to pay for expenditures that:
	(1)  are necessary to fulfill nonfederal sponsor
	obligations under agreements with the United States Army Corps of
	Engineers for implementing projects included in the plan
	recommended by the Coastal Texas Protection and Restoration
	Feasibility Study Final Report and Final Environmental Impact
	Statement, both dated August 2021 and issued by the Galveston
	District of the United States Army Corps of Engineers and the land
	office;
	(2)  comply with the terms of a local cooperation
	agreement executed by the land office and the Gulf Coast Protection
	District established under Chapter 9502, Special District Local
	Laws Code; and
	(3)  are for projects that:
	(A)  are necessary or useful for the protection of
	the portion of the Gulf Coast located within the territory of the
	district; or
	(B)  would benefit the district and are designated
	as coastal storm risk management projects within the Coastal Texas
	Protection and Restoration Feasibility Study.
	(d)  The legislature finds that the expenditure of money in
	the Gulf Coast protection account in accordance with Subsection (c)
	serves a public purpose.
	(e)  The expenditure of money in the Gulf Coast protection
	account is subject to audit by the state auditor.
	SECTION 2.  This Act takes effect on the 91st day after the
	last day of the legislative session.

Statutes affected:
Introduced: ()