86R3654 SLB-D
By: Perry S.J.R. No. 28
A JOINT RESOLUTION
proposing a constitutional amendment providing for the creation of
the State Flood Plan Implementation Fund to assist in the financing
of certain flood-related projects and the transfer to that fund of
money from the economic stabilization fund.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 49-d-14 to read as follows:
Sec. 49-d-14. (a) The State Flood Plan Implementation 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 State Flood
Plan Implementation Fund may be administered and used, without
further appropriation, by the Texas Water Development Board or that
board's successor in function to implement the state flood plan
that is adopted as required by general law by the Texas Water
Development Board or that board's successor in function and to fund
flood control dam repair and maintenance projects administered by
the State Soil and Water Conservation Board.
(c) Separate accounts may be established in the State Flood
Plan Implementation Fund as necessary to administer the fund or
authorized projects.
(d) On November 30, 2019, the amount of $1.2 billion is
transferred from the economic stabilization fund to the credit of
the State Flood Plan Implementation Fund. This subsection expires
January 1, 2020.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment providing for the
creation of the State Flood Plan Implementation Fund to assist in
the financing of certain flood-related projects and the transfer to
that fund of money from the economic stabilization fund."