Proposing a constitutional amendment providing for the dedication of certain sales and use tax revenue to a special fund established in the state treasury to pay for water infrastructure in this state.
Impact
The implementation of HJR169 would introduce significant changes to the state’s financial framework concerning water infrastructure funding. By creating the Texas Water Fund, the bill aims to provide a reliable mechanism through which state funds can be managed and distributed for various water-related projects, including financing potential grants and loans. This measure symbolizes a strong legislative commitment towards addressing water scarcity and infrastructure needs, similar to the dedicated funds previously established for transportation and state parks. Such a move is expected to bolster the state's capacity to plan and execute essential investments in water systems.
Summary
House Joint Resolution 169 (HJR169) proposes a constitutional amendment aimed at establishing a dedicated revenue stream for water infrastructure in Texas. Specifically, the resolution calls for the allocation of a portion of sales and use tax revenue, estimated at $250 million per fiscal year, to be deposited into a newly created Texas Water Fund. This fund is to be managed by the Texas Water Development Board and is intended to ensure that critical water infrastructure projects have a steady source of funding for the future, addressing ongoing challenges faced by the state's water systems.
Sentiment
The sentiment surrounding HJR169 appears to lean towards strong support among various stakeholders, particularly from those involved in environmental and infrastructure advocacy. Proponents, including representatives from the Texas Water Conservation Association and Texas 2036, have expressed enthusiasm for the measure, highlighting its importance as a proactive step in addressing the vital water management challenges facing Texas. However, it is essential to monitor opposition sentiments, which may arise from concerns regarding funding allocation or prioritization of projects.
Contention
While HJR169 has garnered broad support, potential points of contention could arise during its execution, particularly concerning the management of the Texas Water Fund and the transparency surrounding its disbursement processes. Questions about the efficacy of designated funding in meeting local versus state-wide water infrastructure needs could trigger debates in the legislature and among residents. Moreover, the resolution provides legislative discretion to modify fund deposits depending on the state’s fiscal circumstances, which could lead to disputes over future funding levels and priorities.
Proposing a constitutional amendment providing for the creation of the State Water Implementation Fund for Texas and the State Water Implementation Revenue Fund for Texas to assist in the financing of priority projects in the state water plan.
Proposing a constitutional amendment dedicating a portion of the revenue derived from state sales and use taxes and insurance premium taxes to the Texas water fund.
Proposing a constitutional amendment to dedicate a portion of the revenue derived from state sales and use taxes to the Texas water fund and to provide for the allocation and use of that revenue.
Proposing a constitutional amendment providing for the creation of the State Utilities Reliability Fund and the State Utilities Reliability Revenue Fund to provide financial support for projects that enhance the reliability of water, electricity, natural gas and broadband utilities in this state.
Proposing a constitutional amendment dedicating a portion of the revenue derived from the state sales and use tax to the Texas Water Development Fund II.
Proposing a constitutional amendment creating the State Utilities Reliability Fund and the State Utilities Reliability Revenue Fund to provide financial support for projects that enhance the reliability and resiliency of water, electric, and natural gas utilities, broadband providers, and power generation resources in this state.
Proposing a constitutional amendment creating the State Utilities Reliability Fund and the State Utilities Reliability Revenue Fund to provide financial support for projects that enhance the reliability and resiliency of water, electric, and natural gas utilities, broadband providers, and power generation resources in this state.
Proposing a constitutional amendment creating the State Utilities Reliability Fund and the State Utilities Reliability Revenue Fund to provide financial support for projects that enhance the reliability and resiliency of water, electric, and natural gas utilities, broadband providers, and power generation resources in this state.