Bill Text: TX SJR43 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Proposing a constitutional amendment creating the water for Texas fund to assist in financing water projects in this state.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2023-03-01 - Referred to Water, Agriculture, & Rural Affairs [SJR43 Detail]

Download: Texas-2023-SJR43-Introduced.html

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88R9049 JAM-D
By: Perry S.J.R. No. 43

A JOINT RESOLUTION
proposing a constitutional amendment creating the water for Texas
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 water for Texas 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.
The fund is not subject to legislative appropriation.
(b) The administrator of the water for Texas fund may use
the fund only to disburse money to other funds administered by the
Texas Water Development Board or that board's successor in
function. The administrator may restore to the fund money
disbursed from the fund and deposited to the credit of another fund.
Legislative appropriation is not required for the administrator to
disburse money from, or restore money to, the fund.
(c) The administrator of the water for Texas fund may
establish separate accounts in the fund as necessary or convenient
to administer the fund.
(d) The water for Texas 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 at the discretion
of the administrator of the water for Texas fund as 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) the redeposit of money disbursed from the fund.
(e) The legislature by general law shall provide for the
manner in which money from the water for Texas fund may be used,
subject to the limitations provided by this section.
(f) The legislature by general law may provide for costs of
investment of the water for Texas fund to be paid from that fund.
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 water for
Texas fund to assist in financing water projects in this state."