Bill Text: TX HJR8 | 2025-2026 | 89th Legislature | Engrossed
Bill Title: Proposing a constitutional amendment providing for the creation of the Texas nuclear development fund to support the development, construction, and operation of advanced nuclear reactor projects for dispatchable electric generation.
Sponsorship: Partisan Bill (Republican 1)
Status: (Engrossed - Dead) 2025-04-29 - Referred to Business & Commerce [HJR8 Detail]
Download: Texas-2025-HJR8-Engrossed.html
| 89R19821 SCR-F | ||
| By: Harris | H.J.R. No. 8 | |
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| proposing a constitutional amendment providing for the creation of | ||
| the Texas nuclear development fund to support the development, | ||
| construction, and operation of advanced nuclear reactor projects | ||
| for dispatchable electric generation. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article III, Texas Constitution, is amended by | ||
| adding Section 49-r to read as follows: | ||
| Sec. 49-r. (a) The Texas nuclear development 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 nuclear | ||
| development 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 grants to any | ||
| entity, based on recommendations from the office of the governor, | ||
| to finance or incentivize the development, construction, and | ||
| operation of advanced nuclear reactor projects and associated | ||
| infrastructure as necessary to ensure a reliable and adequate | ||
| supply of electric power in this state. | ||
| (c) The entity administering the Texas nuclear development | ||
| fund may establish separate accounts in the fund as necessary or | ||
| convenient for the fund's administration. | ||
| (d) The Texas nuclear development fund consists of: | ||
| (1) money credited, appropriated, or transferred to | ||
| the fund by or as authorized by the legislature; | ||
| (2) revenue that the legislature dedicates for deposit | ||
| to the credit of the fund; | ||
| (3) the returns received from the investment of the | ||
| money in the fund; and | ||
| (4) gifts, grants, and donations contributed to the | ||
| credit of the fund. | ||
| (e) The reasonable expenses of managing the Texas nuclear | ||
| development fund's assets shall be paid from the fund. | ||
| (f) The legislature by a provision of a general | ||
| appropriations act may provide for the transfer to the general | ||
| revenue fund of money that is subject to this section. | ||
| (g) The legislature may appropriate general revenue for the | ||
| purpose of depositing money to the credit of the Texas nuclear | ||
| development fund to be used for the purposes of that fund. | ||
| (h) For purposes of Section 22, Article VIII, of this | ||
| constitution: | ||
| (1) money in the Texas nuclear development 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 nuclear | ||
| development 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 4, 2025. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment providing for the | ||
| creation of the Texas nuclear development fund to support the | ||
| development, construction, and operation of advanced nuclear | ||
| reactor projects for dispatchable electric generation." | ||
