S.B. No. 1499 is a legislative act that reorganizes and updates the operations of the Financial Crimes Intelligence Center in Texas. The bill transfers Chapter 2312 from the Occupations Code to the Government Code, redesignating it as Chapter 426. It introduces new definitions related to financial crimes, including "check fraud," "electronic fund transfer," and "payment fraud," while also clarifying the roles and responsibilities of the center. The bill emphasizes the center's purpose in coordinating law enforcement efforts to combat payment fraud, including the detection and prevention of skimmers, which are devices used to intercept electronic data unlawfully.

Additionally, the bill outlines the powers and duties of the center, allowing it to collaborate with various governmental agencies and provide training and outreach to law enforcement and the public. It establishes provisions for funding through gifts and grants, while also prohibiting donations from license holders defined under a specific section of the Occupations Code. The act mandates the Texas Commission of Licensing and Regulation to adopt necessary rules to implement these changes and is set to take effect on September 1, 2025.