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By: Johnson |
S.J.R. No. 82 |
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(In the Senate - Filed March 9, 2023; March 21, 2023, read |
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first time and referred to Committee on Business & Commerce; |
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April 18, 2023, reported adversely, with favorable Committee |
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Substitute by the following vote: Yeas 10, Nays 0; April 18, 2023, |
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sent to printer.) |
Click here to see the committee vote |
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COMMITTEE SUBSTITUTE FOR S.J.R. No. 82 |
By: Johnson |
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SENATE JOINT RESOLUTION
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proposing a constitutional amendment providing for the creation of |
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the Texas power resiliency fund to finance backup power sources. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article III, Texas Constitution, is amended by |
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adding Section 49-q to read as follows: |
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Sec. 49-q. (a) The Texas power resiliency fund is created |
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as a special fund in the state treasury outside the general revenue |
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fund. |
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(b) As provided by general law, money in the Texas power |
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resiliency fund may be used without further appropriation and |
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administered only by the Texas Division of Emergency Management or |
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that division's successor in function to procure and deploy mobile |
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sources of backup power and to provide grants and loans to finance |
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the operation of backup power sources. |
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(c) The entity administering the Texas power resiliency |
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fund may establish separate accounts in the fund as necessary or |
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convenient for the fund's administration. |
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(d) The Texas power resiliency fund consists of: |
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(1) money credited, appropriated, or transferred to |
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the fund by the legislature; |
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(2) revenue that the legislature dedicates for deposit |
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to the credit of the fund; |
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(3) the returns received from the investment of the |
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money in the fund; and |
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(4) gifts, grants, and donations contributed to the |
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credit of the fund. |
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(e) The reasonable expenses of managing the fund's assets |
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shall be paid from the fund. |
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(f) For purposes of Section 22, Article VIII, of this |
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constitution: |
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(1) money in the Texas power resiliency fund is |
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dedicated by this constitution; and |
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(2) an appropriation of state tax revenues for the |
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purpose of depositing money to the credit of the Texas power |
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resiliency fund is treated as if it were an appropriation of |
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revenues dedicated by this constitution. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2023. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment providing for the |
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creation of the Texas power resiliency fund to finance backup power |
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sources." |
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