Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.

HB 265 adjusts how Texas allocates constitutionally required funds between three state funds: the economic stabilization fund, the state highway fund, and the Grow Texas fund. If available funds fall below a set threshold, the bill requires the state treasurer to proportionally reduce highway fund allocations, increase economic stabilization fund funding, and transfer the difference to the Grow Texas fund. This mechanism directly affects state budgeting for infrastructure projects, economic stability programs, and business growth initiatives, with the adjustment set to expire December 31, 2042.