SB 2981
emissions fund interest goes to recycling, up to $10M
Died in committee
Verdict: No flags
Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade
Caption
relating to funding for recycling projects.
Caption from analyzed text · version I.
Summary
Earn less than $10M in interest? Recycling grants get all of it.
The bill takes interest earned by the Texas emissions reduction plan fund and sends up to $10 million of it to recycling infrastructure projects that reduce emissions. The money goes through the existing Recycling Innovation Grant Program, run by the state environmental commission. If the fund earns less than $10 million in interest, all of the interest goes to those recycling grants instead of staying in the fund.
Labels
Labels: NEVER GOT A HEARING. Filed Mar 14, 2025 and referred to the Senate Natural Resources committee. No public hearing. The bill died.
Receipt
The receipt
89R-SB2981 · 2025-03-14
SOLD BY
ITEM
relating to funding for recycling projects.
WHAT IT DOES
Earn less than $10M in interest? Recycling grants get all of it.
The bill takes interest earned by the Texas emissions reduction plan fund and sends up to $10 million of it to recycling infrastructure projects that reduce emissions. The money goes through the existing Recycling Innovation Grant Program, run by the state environmental commission. If the fund earns less than $10 million in interest, all of the interest goes to those recycling grants instead of staying in the fund.
CHARGES
[ ] NONE FOUND
TOTAL
No fiscal note in the loaded record.
HISTORY
- Received by the Secretary of the Senate
- Filed
- Read first time
- Referred to Natural Resources
FILED UNDER
THE TEXT
…“commission shall allocate $10,000,000 from the fund to support”…
Bill text, introduced version (I)
The bill steers up to $10 million a year in fund interest into grants for recycling infrastructure projects.
THANK YOU FOR CHECKING THE RECEIPT
CAMPAIGN PAID FOR BY
CAMPAIGN PAID FOR BY
Donors
Top donors to Texans for Kelly Hancock SPAC during his Senate service. Not tied to this bill.
Sources
Gifts to Texans for Kelly Hancock SPAC dated July 1, 2024 to June 18, 2025, while he served in the Senate.
Derived from itemized gifts. State data as of Nov 4, 2026.
MoneyMissing data does not establish zero giving. Display amounts are rounded.
Votes
No floor vote loaded for this bill.
Fiscal
No fiscal note in the loaded record.
How this was graded
Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.
Sources
Texas Senate · Filed Mar 14, 2025
04/07/2025 S Referred to Natural Resources
Texas Legislature Online · Introduced
Data snapshot Oct 26, 2026 at 4:20 AM CDT. Grades, charges, quotes and corrections follow the published record.
Senate committee · Natural Resources · Final status: Died in committee
Subjects
Environment--Air
Environment--Recycling
Highways
State Finances--Management & Control
COMPTROLLER OF PUBLIC ACCOUNTS
ENVIRONMENTAL QUALITY, TEXAS COMMISSION ON
TRANSPORTATION, TEXAS DEPARTMENT OF
Text
The text as introduced · 361 words
By: Hancock S.B. No. 2981 A BILL TO BE ENTITLED AN ACT relating to funding for recycling projects. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 386.250, Health and Safety Code, is amended to read as follows: Sec. 386.250. TEXAS EMISSIONS REDUCTION PLAN FUND. (a) The Texas emissions reduction plan fund is established as a trust fund outside the state treasury to be held by the comptroller and administered by the commission as trustee. Money in the fund may be spent without legislative appropriation and may be used only as provided by this chapter. Interest and other earnings on the balance of the fund shall be credited to the fund. (b) The fund consists of: (1) the amount of money deposited to the credit of the fund under: (A) Section 386.056 ; (B) Sections 151.0515 and 152.0215 , Tax Code; and (C) Sections 501.138 , 502.358 , and 548.5055 , Transportation Code; and (2) grant money recaptured under Section 386.111 (d) and Chapter 391 . (c) If the fund earns at least $10,000,000 in interest, the commission shall allocate $10,000,000 from the fund to support recycling infrastructure projects that reduce emissions as part of the Recycling Innovation Grant Program under Section 361.0155. If the fund earns less than $10,000,000 in interest, the commission shall allocate the equivalent amount of interest earned by the fund to support recycling infrastructure projects that reduce emissions as part of the Recycling Innovation Grant Program under Section 361.0155. ( c d ) Not later than the 30th day after the last day of each state fiscal biennium, the commission shall transfer the unencumbered balance of the fund remaining on the last day of the state fiscal biennium to the credit of the state highway fund for use by the Texas Department of Transportation for projects described by Section 386.051 (b)(19). SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2025.