Issue Date: 2019-06-13
Revised Date:

Legal Cites

Origin:

S.B. 7 and H.B. 3317, 86th Leg., R.S.

Purpose

Special fund in the treasury for used flood projects. Fund may be invested and any earnings are deposited to the fund. Fund consists of four accounts within the fund:

  1. Floodplain Management Account is used for flood planning, protection, mitigation, or adaptation. Other uses included flood-related educational or outreach programs and evaluating the response to flood incidents affecting residential property. Each fiscal year, $3.05 million in insurance maintenance taxes collected under Section 251.004, Insurance Code are reallocated from General Revenue to this account (previously deposited to Floodplain Management Fund 0330).
  2. Hurricane Harvey Account is used to provide money to the Texas Department of Emergency Management for financing projects related to Hurricane Harvey. Used for grants and loans to political subdivisions for hazard mitigation projects, public assistance projects, construction, permitting and design costs.
  3. Federal Matching Account is used for meeting matching requirements for projects funded partially by federal money. Can be used to make loans to political subdivisions to provide financing for the local share of a federally authorized ship channel improvement project.
  4. Flood Plan Implementation Account is used for financing projects in the state flood plan.
Classification Group 01: General State Operating and Disbursing Funds [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique General Appropriations Act

Administering Agencies

Note

Floodplain Management Fund 0330 abolished and balance transferred to new Floodplain Management Account within the Texas Infrastructure Resiliency Fund by S.B. 7, 86th Leg., R.S.

USAS Values

USAS Title TEXAS INFRASTRUCTURE RESILIENCY FUND
Consolidated Fund
State Fund Group 01 - GENERAL STATE OPERATING & DISBURSING FDS
USAS Status A
Used to make general expenditures for the daily operations of state government.