(a) The Texas parks and wildlife conservation and capital account is a separate account in the general revenue fund.
(b) The account consists of:
(1) credits made to the department under § 151.801, Tax Code, in an amount not to exceed the amount of the tax proceeds allocated by the legislature to the account under § 151.801(c-1), Tax Code;
(2) proceeds of revenue bonds issued under § 13.0045; and
(3) money from any other source authorized by law.

(c) Except as provided by Subsection (d), money in the account may be spent only for acquisition and development, maintenance, or operation of parks, fisheries, and wildlife projects that have been individually approved by the commission. Projects that directly provide hunting, fishing, or outdoor recreation opportunity to the public shall be given preference for funding under this section. Approved projects may include:
(1) acquiring land or facilities for use in any department program;
(2) developing and improving any land or facility owned or controlled by the department;
(3) servicing the debt on Texas park development bonds issued under Article III, § 49-e, of the Texas Constitution or any other bonds issued for parks, fisheries, or wildlife projects;
(4) local park grants in Chapter 24 of this code;
(5) initiating or participating in partnerships to enhance conservation of historical, cultural, or natural resources;
(6) operational and maintenance costs in association with any parks, fisheries, wildlife projects, or department law enforcement efforts in support of this code; and
(7) meeting the requirements for providing matching money for any federal grants for parks, fisheries, or wildlife projects.
(d) The proceeds of bonds issued under § 13.0045 and deposited to the account may be spent to finance parks and wildlife projects, including the repair, renovation, improvement, and equipping of parks and wildlife facilities. Money deposited to the credit of the account under Subsection (b)(1) may be used only for the purposes described by § 151.801(c-1), Tax Code.
(e) The comptroller may invest money in the account.