Bill Text: TX SJR82 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Proposing a constitutional amendment providing for the creation of the Texas power resiliency fund to finance backup power sources.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2023-05-04 - Referred to State Affairs [SJR82 Detail]
Download: Texas-2023-SJR82-Comm_Sub.html
Bill Title: Proposing a constitutional amendment providing for the creation of the Texas power resiliency fund to finance backup power sources.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2023-05-04 - Referred to State Affairs [SJR82 Detail]
Download: Texas-2023-SJR82-Comm_Sub.html
By: Johnson | S.J.R. No. 82 | |
(In the Senate - Filed March 9, 2023; March 21, 2023, read | ||
first time and referred to Committee on Business & Commerce; | ||
April 18, 2023, reported adversely, with favorable Committee | ||
Substitute by the following vote: Yeas 10, Nays 0; April 18, 2023, | ||
sent to printer.) | ||
COMMITTEE SUBSTITUTE FOR S.J.R. No. 82 | By: Johnson |
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proposing a constitutional amendment providing for the creation of | ||
the Texas power resiliency fund to finance backup power sources. | ||
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 power resiliency 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 power | ||
resiliency fund may be used without further appropriation and | ||
administered only by the Texas Division of Emergency Management or | ||
that division's successor in function to procure and deploy mobile | ||
sources of backup power and to provide grants and loans to finance | ||
the operation of backup power sources. | ||
(c) The entity administering the Texas power resiliency | ||
fund may establish separate accounts in the fund as necessary or | ||
convenient for the fund's administration. | ||
(d) The Texas power resiliency fund consists of: | ||
(1) money credited, appropriated, or transferred to | ||
the fund 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 fund's assets | ||
shall be paid from the fund. | ||
(f) For purposes of Section 22, Article VIII, of this | ||
constitution: | ||
(1) money in the Texas power resiliency 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 power | ||
resiliency 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 providing for the | ||
creation of the Texas power resiliency fund to finance backup power | ||
sources." | ||
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