Texas § 56.002 SHIP CHANNEL IMPROVEMENT REVOLVING FUND.

Texas Statutes

§ 56.002 — SHIP CHANNEL IMPROVEMENT REVOLVING FUND.

Texas § 56.002

Code TNTransportation Code

This text of Texas § 56.002 (SHIP CHANNEL IMPROVEMENT REVOLVING FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Transportation Code Code Ann. § 56.002 (2026).

Text

Sec. 56.002. SHIP CHANNEL IMPROVEMENT REVOLVING FUND.

(a)The ship channel improvement revolving fund is an account in the general revenue fund. The fund is administered by the commission.

(b)The following money shall be credited to the fund:

(1)money the commission receives as a gift, grant, or donation for a purpose of this chapter;

(2)money appropriated to the commission for the purposes of this chapter;

(3)money received by the commission for the repayment of a loan made by the program established under Section 56.003 ;

(4)proceeds of bonds issued under Section 56.004 ; and

(5)interest earned on deposits and investments of the fund.

(c)Money in the fund may be appropriated only to the commission for the purposes of administering the fund and the program established under Section

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Sec. 56.002. SHIP CHANNEL IMPROVEMENT REVOLVING FUND. (a) The ship channel improvement revolving fund is an account in the general revenue fund. The fund is administered by the commission.
(b) The following money shall be credited to the fund:
(1) money the commission receives as a gift, grant, or donation for a purpose of this chapter;
(2) money appropriated to the commission for the purposes of this chapter;
(3) money received by the commission for the repayment of a loan made by the program established under Section 56.003 ;
(4) proceeds of bonds issued under Section 56.004 ; and
(5) interest earned on deposits and investments of the fund.
(c) Money in the fund may be appropriated only to the commission for the purposes of administering the fund and the program established under Section 56.003 .
(d) The financial transactions of the fund are subject to audit by the state auditor.

Legislative History

Added by Acts 2017, 85th Leg., R.S., Ch. 180 (S.B. 28 ), Sec. 4, eff. May 26, 2017. Amended by: Acts 2019, 86th Leg., R.S., Ch. 1310 (H.B. 3850 ), Sec. 1, eff. June 14, 2019.

Nearby Sections

4

§ 56.001

DEFINITIONS.

§ 56.002

SHIP CHANNEL IMPROVEMENT REVOLVING FUND.

§ 56.003

REVOLVING LOAN PROGRAM.

§ 56.004

REVENUE BONDS.

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Bluebook (online)

Texas § 56.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/TN/56.002.