85R7421 MK-D     By: Bonnen of Galveston H.B. No. 1741       A BILL TO BE ENTITLED   AN ACT   relating to the deposit of money received from the federal   government.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter B, Chapter 403, Government Code, is   amended by adding Section 403.0125 to read as follows:          Sec. 403.0125.  FEDERAL MONEY DEPOSITED TO TREASURY. (a)     The comptroller may not deposit to the credit of the general revenue   fund money received from the federal government or accrued interest   or other earnings on money received from the federal government.   This subsection prevails over other general law that provides for   money received from the federal government, or earnings on money   received from the federal government, to be deposited to the credit   of the general revenue fund or to the credit of an account in the   general revenue fund. The comptroller shall account for and   administer federal money separately from money in the general   revenue fund in a manner that ensures federal money and earnings on   federal money are used for the purposes for which federal money is   received.          (b)  The comptroller may establish a special fund in the   treasury for the purpose of holding money received from the federal   government for deposit to the state treasury and any interest or   other earnings on the federal money.          SECTION 2.  This Act takes effect September 1, 2017.