Supplement: TX SJR1 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas SJR1 please see the Bill Drafting List
Bill Title: Proposing a constitutional amendment providing for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.
Status: 2023-04-17 - Referred to State Affairs [SJR1 Detail]
Download: Texas-2023-SJR1-Fiscal_Note_Introduced_.html
Bill Title: Proposing a constitutional amendment providing for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.
Status: 2023-04-17 - Referred to State Affairs [SJR1 Detail]
Download: Texas-2023-SJR1-Fiscal_Note_Introduced_.html
| TO: |
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SJR1 by Schwertner (Proposing a constitutional amendment providing for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.), As Introduced |
No significant fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation.
The cost to the state for publication of the resolution is $204,406.
The cost to the state for publication of the resolution is $204,406.
The joint resolution would propose an amendment to Article III of the Texas Constitution to provide for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.
Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication.
The cost to the state for publication of the resolution is $204,406.
The proposed amendment would be submitted to voters at an election to be held November 7, 2023
Local Government Impact
No fiscal implication to units of local government is anticipated.
| Source Agencies: | 304 Comptroller of Public Accounts, 473 Public Utility Commission of Texas |
| LBB Staff: | JMc, SZ, GDZ, JBel |
