Relating to the authority of certain municipalities to use certain tax revenue for certain qualified projects.

SB 1958 expands the authority of certain Texas municipalities to use existing tax revenue for qualified projects. It applies specifically to cities with populations between 700,000-950,000, cities covering over 70% of a county with 1.5 million+ residents, or other cities meeting defined census-based criteria. The bill amends the Tax Code to clarify which municipalities may allocate certain tax revenues toward eligible infrastructure or development projects. It takes effect September 1, 2025, and does not create new taxes or funding streams.