PORT ACCESS ACCOUNT FUND.
Tex. TRANSP Code § 55.005.
in effect(a) The port access account fund is an account in the general revenue fund.
(b) The following money shall be credited to the fund:
(1) money received from gifts, grants, and donations;
(2) interest earned on deposits and investments of the fund;
(3) money appropriated to the fund by the legislature; and
(4) money received from the federal government.
(c) Money in the fund may be appropriated only to the department to perform the department's powers and duties concerning maritime port transportation and economic development under this chapter and to pay the department's expenses incurred under this chapter, as approved by the committee.
(c-1) Money appropriated by the legislature under Subsection (b)(3) may only be used to fund eligible port development and infrastructure projects under Section 55.002 .
(d) The financial transactions of the fund are subject to audit by the state auditor.
Added by Acts 2001, 77th Leg., ch. 1268, Sec. 1, eff. Sept. 1, 2001.
Acts 2011, 82nd Leg., R.S., Ch. 480 (H.B. 699 ), Sec. 3, eff. September 1, 2011.
Reenacted and amended by Acts 2023, 88th Leg., R.S., Ch. 288 (S.B. 1499 ), Sec. 4, eff. September 1, 2023.