Proposing a constitutional amendment relating to the use of the assets of certain associations established by the legislature of this state for the purpose of providing certain insurance coverage.
Impact
If passed, this amendment could markedly influence state laws that govern how certain insurance associations manage their assets. By specifically defining the uses of these funds, it establishes a safeguard that ensures the assets are primarily utilized for their intended purposes, potentially enhancing the financial stability of such associations during catastrophic events. The resolution reinforces the commitment of the state to support insurance coverage for residents in areas prone to natural disasters, which could provide greater peace of mind to policyholders within designated regions.
Summary
HJR11 proposes a constitutional amendment that pertains to the use of the assets of certain legislatively established associations in Texas aimed at providing insurance coverage for catastrophic events such as windstorms and fires. Specifically, the resolution seeks to limit the appropriation and diversion of these assets for purposes other than satisfying claims on policies issued by these associations. The bill designates that funds can only be used for specific purposes such as paying claims, making authorized investments, covering administrative costs, and preparing for natural disasters.
Sentiment
Overall, the sentiment around HJR11 appears generally supportive among those who understand the implications of having assured insurance coverage for catastrophic events. Proponents of the bill argue that it fortifies disaster preparedness, which is crucial for communities at risk. Critics, however, could raise concerns about the rigidness of such restrictions, potentially arguing that they may limit flexibility in the management of these funds in times of emergency.
Contention
A notable point of contention for the resolution may arise around the strict limitations it places on the use of association assets. While supporters see this as a protective measure, critics might argue that it could hinder the ability of associations to respond rapidly to changing needs or emergencies not directly linked to the specified claims and expenditures. The requirement for voter approval also indicates that the resolution may be contentious among the electorate, with debate likely arising over its potential implications for future legislative financial decisions.
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.
Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment; authorizing a surcharge.
Relating to funding of excess losses and operating expenses of the Texas Windstorm Insurance Association; authorizing an assessment, a surcharge, and an infrastructure grant.
Proposing a constitutional amendment authorizing the Kickapoo Traditional Tribe of Texas to conduct gaming by executing a gaming compact with this state; providing for occupational licensing under the compact; limiting certain taxes and fees.
Proposing a constitutional amendment authorizing the Kickapoo Traditional Tribe of Texas to conduct gaming by executing a gaming compact with this state; providing for occupational licensing under the compact; limiting certain taxes and fees.