H.B. No. 1089 establishes the Gulf Coast Protection Account, a dedicated account within the general revenue fund, which will be administered by the General Land Office. This account will consist of funds from gifts, donations, grants, and appropriations made by the legislature. The bill outlines specific uses for the funds, which include fulfilling nonfederal sponsor obligations under agreements with the United States Army Corps of Engineers, complying with local cooperation agreements, and funding projects that protect the Gulf Coast or are designated as Coastal Storm Risk Management Projects.

Additionally, the bill emphasizes that expenditures from the Gulf Coast Protection Account serve a public purpose and are subject to audit by the state auditor. The act will take effect immediately upon receiving a two-thirds vote from both houses of the legislature; otherwise, it will take effect on September 1, 2025.

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