Bill Text: TX SJR75 | 2023-2024 | 88th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Proposing a constitutional amendment creating the Texas water fund to assist in financing water projects in this state.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-05-30 - Filed with the Secretary of State [SJR75 Detail]
Download: Texas-2023-SJR75-Engrossed.html
Bill Title: Proposing a constitutional amendment creating the Texas water fund to assist in financing water projects in this state.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-05-30 - Filed with the Secretary of State [SJR75 Detail]
Download: Texas-2023-SJR75-Engrossed.html
By: Perry, et al. | S.J.R. No. 75 | |
SENATE JOINT RESOLUTION |
proposing a constitutional amendment creating the Texas water fund | ||
to assist in financing water projects in this state. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Article III, Texas Constitution, is amended by | ||
adding Section 49-d-16 to read as follows: | ||
Sec. 49-d-16. (a) The Texas water fund is created as a | ||
special fund in the state treasury outside the general revenue | ||
fund. The fund is administered by the Texas Water Development Board | ||
or by that board's successor in function as provided by general law. | ||
(b) The administrator of the Texas water fund may use the | ||
fund only to transfer money to other funds or accounts administered | ||
by the Texas Water Development Board or that board's successor in | ||
function. The administrator may restore to the fund money | ||
transferred from the fund and deposited to the credit of another | ||
fund or account. Legislative appropriation is not required for the | ||
administrator to restore money to the fund. | ||
(c) The Texas water fund consists of: | ||
(1) money transferred or deposited to the credit of | ||
the fund by general law, including money from any source | ||
transferred or deposited to the credit of the fund authorized by | ||
general law; | ||
(2) any other revenue that the legislature by statute | ||
dedicates for deposit to the credit of the fund; | ||
(3) investment earnings and interest earned on amounts | ||
credited to the fund; | ||
(4) money from gifts, grants, or donations to the | ||
fund; and | ||
(5) money returned from any authorized transfer. | ||
(d) The legislature by general law shall provide for the | ||
manner in which money from the Texas water fund may be used, subject | ||
to the limitations provided by this section. | ||
(e) The legislature by general law may provide for costs of | ||
investment of the Texas water fund to be paid from that fund. | ||
(f) For purposes of Section 22, Article VIII, of this | ||
constitution: | ||
(1) money in the Texas water fund is dedicated by this | ||
constitution; and | ||
(2) an appropriation of state tax revenues for the | ||
purpose of depositing money to the credit of the Texas water fund is | ||
treated as if it were an appropriation of revenues dedicated by this | ||
constitution. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 7, 2023. | ||
The ballot shall be printed to permit voting for or against the | ||
proposition: "The constitutional amendment creating the Texas | ||
water fund to assist in financing water projects in this state." |