HB 4488 (89R) — funds and accounts (protects the Strategic Bitcoin Reserve), enrolled
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Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.
H.B.ANo.A4488
1 AN ACT
2 relating to the creation and re-creation of funds and accounts, the
3 dedication and rededication of revenue and allocation of accrued
4 interest on dedicated revenue, and the exemption of unappropriated
5 money from use for general governmental purposes.
6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
7 SECTIONA1.AADEFINITION. In any provision of this Act that
8 does not amend current law, "state agency" means an office,
9 institution, or other agency that is in the executive or judicial
10 branch of state government, has authority that is not limited to a
11 geographical portion of the state, and was created by the
12 constitution or a statute of this state. The term does not include
13 an institution of higher education as defined by Section 61.003,
14 Education Code.
15 SECTIONA2.AAABOLITION OF FUNDS, ACCOUNTS, AND DEDICATIONS.
16 Except as otherwise specifically provided by this Act, all funds
17 and accounts created or re-created by an Act of the 89th
18 Legislature, Regular Session, 2025, that becomes law and all
19 dedications or rededications of revenue collected by a state agency
20 for a particular purpose by an Act of the 89th Legislature, Regular
21 Session, 2025, that becomes law are abolished on the later of August
22 31, 2025, or the date the Act creating or re-creating the fund or
23 account or dedicating or rededicating revenue takes effect.
24 SECTIONA3.AAPREVIOUSLY EXEMPT DEDICATIONS, FUNDS, AND
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H.B.ANo.A4488
1 ACCOUNTS. Section 2 of this Act does not apply to:
2 (1)AAstatutory dedications, funds, and accounts that
3 were enacted before the 89th Legislature convened to comply with
4 requirements of state constitutional or federal law;
5 (2)AAdedications, funds, or accounts that remained
6 exempt from former Section 403.094(h), Government Code, at the time
7 dedications, accounts, and funds were abolished under that
8 provision;
9 (3)AAincreases in fees or other revenue dedicated as
10 described by this section; or
11 (4)AAincreases in fees or other revenue required to be
12 deposited in a fund or account described by this section.
13 SECTIONA4.AAFEDERAL FUNDS. Section 2 of this Act does not
14 apply to funds created under an Act of the 89th Legislature, Regular
15 Session, 2025, for which separate accounting is required by federal
16 law, except that the funds shall be deposited in accounts in the
17 general revenue fund unless otherwise required by federal law.
18 SECTIONA5.AATRUST FUNDS. Section 2 of this Act does not
19 apply to trust funds or dedicated revenue deposited to trust funds
20 created under an Act of the 89th Legislature, Regular Session,
21 2025, except that the trust funds shall be held in the state
22 treasury, with the comptroller in trust, or outside the state
23 treasury with the comptroller ’s approval.
24 SECTIONA6.AABOND FUNDS. Section 2 of this Act does not apply
25 to bond funds and pledged funds created or affected by an Act of the
26 89th Legislature, Regular Session, 2025, except that the funds
27 shall be held in the state treasury, with the comptroller in trust,
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H.B.ANo.A4488
1 or outside the state treasury with the comptroller ’s approval.
2 SECTIONA7.AACONSTITUTIONAL DEDICATIONS, FUNDS, AND
3 ACCOUNTS. Section 2 of this Act does not apply to funds or accounts
4 that would be created or re-created by the Texas Constitution or
5 revenue that would be dedicated or rededicated by the Texas
6 Constitution under a constitutional amendment proposed by the 89th
7 Legislature, Regular Session, 2025, or to dedicated revenue
8 deposited to funds or accounts that would be so created or
9 re-created, if the constitutional amendment is approved by the
10 voters.
11 SECTIONA8.AAADDITIONAL USES FOR DEDICATED FUNDS OR ACCOUNTS.
12 Section 2 of this Act does not apply to a newly authorized use of
13 money in a dedicated fund or dedicated account as provided by an Act
14 of the 89th Legislature, Regular Session, 2025, to the extent:
15 (1)AAthe fund or account was exempted from abolition by
16 an Act of the legislature that became law before January 1, 2025;
17 and
18 (2)AAthe newly authorized use is within the scope of the
19 original dedication of the fund or account.
20 SECTIONA9.AAACCOUNTS IN GENERAL REVENUE FUND. Effective on
21 the later of the effective date of the Act creating or re-creating
22 the specified account or August 31, 2025, the following accounts,
23 the revenue deposited to the credit of those accounts, and the
24 revenue dedicated for deposit to the credit of those accounts are
25 exempt from Section 2 of this Act and the accounts are created or
26 re-created in the general revenue fund, if created or re-created by
27 an Act of the 89th Legislature, Regular Session, 2025, that becomes
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H.B.ANo.A4488
1 law:
2 (1)AAthe Texas advanced nuclear development fund
3 created as an account in the general revenue fund by House Bill
4 No.A14 or similar legislation;
5 (2)AAthe gulf coast protection account created as an
6 account in the general revenue fund by House Bill No.A1089 or
7 similar legislation;
8 (3)AAthe nonprofit organizations supporting employees
9 of the Department of Public Safety account created as an account in
10 the general revenue fund by House Bill No.A3033 or similar
11 legislation;
12 (4)AAthe farm winery marketing assistance fund created
13 as an account in the general revenue fund by House Bill No.A3385 or
14 similar legislation;
15 (5)AAthe critical infrastructure emergency response
16 map fund created as an account in the general revenue fund by House
17 Bill No.A4341 or similar legislation;
18 (6)AAthe Quantum University and Business Innovation for
19 Texas Fund created as an account in the general revenue fund by
20 House Bill No.A4751 or similar legislation; and
21 (7)AAthe program fund created as an account in the
22 general revenue fund by Senate Bill No.A2 or similar legislation.
23 SECTIONA10.AASEPARATE FUNDS. Effective on the later of the
24 effective date of the Act creating or re-creating the specified
25 fund or August 31, 2025, the following funds, the revenue deposited
26 to those funds, and the revenue dedicated for deposit to those funds
27 are exempt from Section 2 of this Act and the funds are created or
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H.B.ANo.A4488
1 re-created as separate funds inside or outside the state treasury,
2 as specified by the Act creating or re-creating the fund, if created
3 or re-created by an Act of the 89th Legislature, Regular Session,
4 2025, that becomes law:
5 (1)AAthe workforce housing capital investment fund
6 created as a fund in the state treasury by House Bill No.A4505 or
7 similar legislation;
8 (2)AAthe Dementia Prevention and Research Fund created
9 as a fund in the state treasury by Senate Bill No.A5 or similar
10 legislation and Senate Joint Resolution No.A3 or similar
11 legislation;
12 (3)AAthe Texas water fund administrative fund created
13 as a fund in the state treasury by Senate Bill No.A7 or similar
14 legislation;
15 (4)AAthe Texas Strategic Bitcoin Reserve created as a
16 fund outside the state treasury by Senate Bill No.A21 or similar
17 legislation; and
18 (5)AAthe Texas moving image industry incentive fund
19 created as a fund outside the state treasury by Senate Bill No.A22
20 or similar legislation.
21 SECTIONA11.AAREVENUE DEDICATIONS.AAEffective on the later of
22 the effective date of the Act dedicating or rededicating the
23 specified revenue or August 31, 2025, the following dedications or
24 rededications of revenue collected for a particular purpose are
25 exempt from Section 2 of this Act, if dedicated or rededicated by an
26 Act of the 89th Legislature, Regular Session, 2025, that becomes
27 law:
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H.B.ANo.A4488
1 (1)AAthe dedication of revenue to the oil and gas
2 regulation and cleanup fund provided by House Bill No.A106 or
3 similar legislation;
4 (2)AAthe dedication of revenue to the state highway
5 fund provided by House Bill No.A2427 or similar legislation;
6 (3)AAthe dedication of revenue to the state highway
7 fund provided by House Bill No.A2763 or similar legislation;
8 (4)AAthe dedication of revenue to the water resource
9 management account provided by House Bill No.A3866 or similar
10 legislation;
11 (5)AAthe dedication of revenue to the Texas Historical
12 Commission retail operations fund provided by House Bill No.A4187
13 or similar legislation;
14 (6)AAthe dedication of revenue to the historic site
15 account provided by Senate Bill No.A217 or similar legislation;
16 (7)AAthe dedication of revenue to the compensation to
17 victims of crime fund provided by Senate Bill No.A1065 or similar
18 legislation;
19 (8)AAthe dedication of revenue to the Texas Department
20 of Insurance operating account provided by Senate Bill No.A1455 or
21 similar legislation;
22 (9)AAthe dedication of revenue to the clean air account
23 provided by Senate Bill No.A1729 or similar legislation;
24 (10)AAthe dedication of revenue to the clean air
25 account provided by Senate Bill No.A1757 or similar legislation;
26 (11)AAthe dedication of interest income to the ship
27 channel improvement revolving fund provided by Senate Bill No.A1939
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H.B.ANo.A4488
1 or similar legislation;
2 (12)AAthe dedication of revenue to the water resource
3 management account provided by Senate Bill No.A2037 or similar
4 legislation;
5 (13)AAthe dedication of revenue to the state highway
6 fund provided by Senate Bill No.A2722 or similar legislation; and
7 (14)AAthe dedication of revenue to the game, fish, and
8 water safety account provided by Senate Bill No.A2801 or similar
9 legislation.
10 SECTIONA12.AAREALLOCATION OF INTEREST ACCRUED ON CERTAIN
11 DEDICATED REVENUE. (a) This section applies only to an account in
12 the general revenue fund:
13 (1)AAany part of which Section 403.095, Government
14 Code, makes available for certification under Section 403.121,
15 Government Code; and
16 (2)AAthat is created or re-created by an Act of the 89th
17 Legislature, Regular Session, 2025.
18 (b)AAExcept as provided by this Act, all interest and other
19 earnings that accrue on all revenue held in an account in the
20 general revenue fund are available for any general governmental
21 purpose.
22 (c)AAExcept as provided by this Act, the comptroller shall
23 deposit all interest and other earnings that accrue on all revenue
24 held in an account in the general revenue fund to the credit of the
25 general revenue fund.
26 SECTIONA13.AAAMENDMENT OF SECTION 403.095, GOVERNMENT CODE.
27 Effective September 1, 2025, Sections 403.095(b), (d), and (f),
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H.B.ANo.A4488
1 Government Code, are amended to read as follows:
2 (b)AANotwithstanding any law dedicating or setting aside
3 revenue for a particular purpose or entity, dedicated revenues that
4 on August 31, 2027 [2025], are estimated to exceed the amount
5 appropriated by the General Appropriations Act or other laws
6 enacted by the 89th [88th] Legislature are available for general
7 governmental purposes and are considered available for the purpose
8 of certification under Section 403.121.
9 (d)AAFollowing certification of the General Appropriations
10 Act and other appropriations measures enacted by the 89th [88th]
11 Legislature, the comptroller shall reduce each dedicated account as
12 directed by the legislature by an amount that may not exceed the
13 amount by which estimated revenues and unobligated balances exceed
14 appropriations. The reductions may be made in the amounts and at
15 the times necessary for cash flow considerations to allow all the
16 dedicated accounts to maintain adequate cash balances to transact
17 routine business. The legislature may authorize, in the General
18 Appropriations Act, the temporary delay of the excess balance
19 reduction required under this subsection. This subsection does not
20 apply to revenues or balances in:
21 (1)AAfunds outside the treasury;
22 (2)AAtrust funds, which for purposes of this section
23 include funds that may or are required to be used in whole or in part
24 for the acquisition, development, construction, or maintenance of
25 state and local government infrastructures, recreational
26 facilities, or natural resource conservation facilities;
27 (3)AAfunds created by the constitution or a court; or
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H.B.ANo.A4488
1 (4)AAfunds for which separate accounting is required by
2 federal law.
3 (f)AAThis section expires September 1, 2027 [2025].
4 SECTIONA14.AAAMENDMENT OF SECTION 403.0956, GOVERNMENT
5 CODE.AAEffective September 1, 2025, Section 403.0956, Government
6 Code, is amended to read as follows:
7 Sec.A403.0956.AAREALLOCATION OF INTEREST ACCRUED ON CERTAIN
8 DEDICATED REVENUE.AANotwithstanding any other law, all interest or
9 other earnings that accrue on all revenue held in an account in the
10 general revenue fund any part of which Section 403.095 makes
11 available for certification under Section 403.121 are available for
12 any general governmental purpose, and the comptroller shall deposit
13 the interest and earnings to the credit of the general revenue
14 fund.AAThis section does not apply to:
15 (1)AAinterest or earnings on revenue deposited in
16 accordance with Section 51.008, Education Code;
17 (2)AAan account that accrues interest or other earnings
18 on deposits of state or federal money the diversion of which is
19 specifically excluded by federal law;
20 (3)AAthe lifetime license endowment account;
21 (4)AAthe game, fish, and water safety account;
22 (5)AAthe coastal protection account;
23 (6)AAthe Alamo complex account;
24 (7)AAthe artificial reef account;
25 (8)AAthe sexual assault program fund; [or]
26 (9)AAthe deferred maintenance fund account; or
27 (10)AAthe program fund established under Section
9
H.B.ANo.A4488
1 29.353, Education Code.
2 SECTIONA15.AAAMENDMENT OF SECTION 504.6012, TRANSPORTATION
3 CODE. Effective September 1, 2025, Section 504.6012,
4 Transportation Code, is amended to read as follows:
5 Sec.A504.6012.AAELIMINATION OF DEDICATED REVENUE ACCOUNTS;
6 REVENUES IN TRUST.AA(a)AANotwithstanding any other law, not later
7 than September 30, 2025 [2023], the comptroller shall eliminate all
8 dedicated accounts established for specialty license plates and
9 shall set aside the balances of those dedicated accounts so that the
10 balances may be appropriated only for the purposes intended as
11 provided by the dedications.
12 (b)AAOn and after September 1, 2025 [2023], the portion of a
13 fee payable that is designated for deposit to a dedicated account
14 shall be paid instead to the credit of an account in a trust fund
15 created by the comptroller outside the general revenue fund.AAThe
16 comptroller shall administer the trust fund and accounts and may
17 allocate the corpus and earnings on each account only in accordance
18 with the dedications of the revenue deposited to the trust fund
19 accounts.
20 SECTIONA16.AAEFFECT OF ACT. (a)AAThis Act prevails over any
21 other Act of the 89th Legislature, Regular Session, 2025,
22 regardless of the relative dates of enactment, that purports to
23 create or re-create a special fund or account or to dedicate or
24 rededicate revenue to a particular purpose, including any fund,
25 account, or revenue dedication abolished under former Section
26 403.094, Government Code.
27 (b)AAAn exemption from the application of Section 403.095,
10
H.B.ANo.A4488
1 Government Code, contained in another Act of the 89th Legislature,
2 Regular Session, 2025, that is exempted from the application of
3 Section 2 of this Act has no effect.
4 (c)AARevenue that, under the terms of another Act of the 89th
5 Legislature, Regular Session, 2025, would be deposited to the
6 credit of a special account or fund shall be deposited to the credit
7 of the undedicated portion of the general revenue fund unless the
8 fund, account, or dedication is exempted under this Act.
9 (d)AAThis Act prevails over any other Act of the 89th
10 Legislature, Regular Session, 2025, regardless of the relative
11 dates of enactment, that purports to allocate interest or other
12 earnings that accrue on revenue held in an account in the general
13 revenue fund any part of which Section 403.095, Government Code,
14 makes available for certification under Section 403.121,
15 Government Code.
16 SECTIONA17.AAEFFECTIVE DATE. Except as otherwise provided
17 by this Act:
18 (1)AAthis Act takes effect immediately if this Act
19 receives a vote of two-thirds of all the members elected to each
20 house, as provided by Section 39, Article III, Texas Constitution;
21 and
22 (2)AAif this Act does not receive the vote necessary for
23 immediate effect, this Act takes effect on the 91st day after the
24 last day of the legislative session.
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H.B.ANo.A4488
______________________________ ______________________________
AAAAPresident of the Senate Speaker of the HouseAAAAAA
I certify that H.B. No. 4488 was passed by the House on May 7,
2025, by the following vote:AAYeas 119, Nays 18, 1 present, not
voting; and that the House concurred in Senate amendments to H.B.
No. 4488 on May 28, 2025, by the following vote:AAYeas 108, Nays 27,
2 present, not voting.
______________________________
Chief Clerk of the HouseAAA
I certify that H.B. No. 4488 was passed by the Senate, with
amendments, on May 26, 2025, by the following vote:AAYeas 29, Nays
2.
______________________________
Secretary of the SenateAAA
APPROVED: __________________
AAAAAAAAAAAAAAAAADateAAAAAAA
AAAAAAAAA __________________
AAAAAAAAAAAAAAAGovernorAAAAAAA
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