Bill Text: TX HJR180 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Proposing a constitutional amendment providing for the creation of the Texas energy reliability fund to finance construction of electric generating facilities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-29 - Left pending in committee [HJR180 Detail]

Download: Texas-2023-HJR180-Introduced.html
  88R12163 JXC-D
 
  By: Hunter H.J.R. No. 180
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment providing for the creation of
  the Texas energy reliability fund to finance construction of
  electric generating facilities.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article III, Texas Constitution, is amended by
  adding Section 49-q to read as follows:
         Sec. 49-q.  (a) The Texas energy reliability fund is created
  as a special fund in the state treasury outside the general revenue
  fund.
         (b)  As provided by general law, money in the Texas energy
  reliability fund may be administered and used, without further
  appropriation, only by the Public Utility Commission of Texas or
  that commission's successor in function to provide loans to finance
  the construction of new electric generating facilities or
  additional generating capacity for electric generating facilities.
         (c)  The entity administering the Texas energy reliability
  fund may establish separate accounts in the fund as necessary or
  convenient for the fund's administration.
         (d)  The Texas energy reliability fund consists of:
               (1)  money transferred or deposited to the credit of
  the fund by or as authorized by law, including money from any source
  transferred or deposited to the credit of the fund at the discretion
  of the entity administering the fund;
               (2)  revenue, including the proceeds of any fee,
  assessment, or tax imposed by this state, that general law
  dedicates for deposit to the credit of the fund; and
               (3)  investment earnings and interest earned on money
  in the 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 providing for the
  creation of the Texas energy reliability fund to finance
  construction of electric generating facilities."
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