The bill, S.B. No. 2191, proposes significant changes regarding the management of funds and accounts within the state of Texas. It establishes that all funds and accounts created or re-created by the 89th Legislature, Regular Session, 2025, will be abolished on August 31, 2025, unless specifically exempted. Exemptions include statutory dedications, funds, and accounts established prior to the 89th Legislature, as well as those required by federal law or created under the Texas Constitution. The bill also outlines provisions for the reallocation of interest accrued on certain dedicated revenues, ensuring that these funds are available for general governmental purposes unless otherwise specified.

Additionally, the bill amends existing legal language in the Government Code, particularly Section 403.095, to extend the timeline for the availability of dedicated revenues for general governmental purposes from 2025 to 2027. It also modifies Section 504.6012 of the Transportation Code to eliminate dedicated revenue accounts for specialty license plates and redirect those funds to a trust fund managed by the comptroller. The act is designed to streamline the management of state funds and ensure that unappropriated money is not used for general governmental purposes, thereby enhancing fiscal responsibility.

Statutes affected:
Introduced: Government Code 403.095, Transportation Code 504.6012 (Transportation Code 504, Government Code 403)