88R12163 JXC-D
By: Hunter H.J.R. No. 180
A JOINT RESOLUTION
proposing a constitutional amendment providing for the creation of
the Texas energy reliability fund to finance construction of
electric generating facilities.
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 energy reliability 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 energy
reliability 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 loans to finance
the construction of new electric generating facilities or
additional generating capacity for electric generating facilities.
(c) The entity administering the Texas energy reliability
fund may establish separate accounts in the fund as necessary or
convenient for the fund's administration.
(d) The Texas energy reliability fund consists of:
(1) money transferred or deposited to the credit of
the fund by or as authorized by law, including money from any source
transferred or deposited to the credit of the fund at the discretion
of the entity administering the fund;
(2) revenue, including the proceeds of any fee,
assessment, or tax imposed by this state, that general law
dedicates for deposit to the credit of the fund; and
(3) investment earnings and interest earned on money
in the fund.
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 energy reliability fund to finance
construction of electric generating facilities."