S.B. No. 1939 amends Section 403.0956 of the Government Code regarding the reallocation of interest accrued on certain dedicated revenue. The bill specifies that all interest or other earnings from revenue held in an account within the general revenue fund, which is available for certification under Section 403.121, can be used for any general governmental purpose. The comptroller is tasked with depositing these earnings into the general revenue fund. However, the bill outlines specific exceptions where this provision does not apply, including the addition of the ship channel improvement revolving fund as a new exception.

The bill also removes the deferred maintenance fund account from the list of exceptions where interest or earnings would not be reallocated. This change indicates a shift in how funds are managed, particularly concerning the ship channel improvement revolving fund, which is now explicitly excluded from the general reallocation of interest. The act is set to take effect immediately upon receiving a two-thirds vote from both houses or on September 1, 2025, if that threshold is not met.

Statutes affected:
Introduced: Transportation Code 56.002 (Transportation Code 56)
Senate Committee Report: Government Code 403.0956, Transportation Code 56.002 (Transportation Code 56, Government Code 403)
Engrossed: Government Code 403.0956 (Transportation Code 56, Government Code 403)
House Committee Report: Government Code 403.0956 (Transportation Code 56, Government Code 403)
Enrolled: Government Code 403.0956 (Transportation Code 56, Government Code 403)