| 1 | 1 | | 88R9049 JAM-D |
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| 2 | 2 | | By: Perry S.J.R. No. 43 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A JOINT RESOLUTION |
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| 6 | 6 | | proposing a constitutional amendment creating the water for Texas |
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| 7 | 7 | | fund to assist in financing water projects in this state. |
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| 8 | 8 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Article III, Texas Constitution, is amended by |
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| 10 | 10 | | adding Section 49-d-16 to read as follows: |
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| 11 | 11 | | Sec. 49-d-16. (a) The water for Texas fund is created as a |
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| 12 | 12 | | special fund in the state treasury outside the general revenue |
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| 13 | 13 | | fund. The fund is administered by the Texas Water Development Board |
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| 14 | 14 | | or by that board's successor in function as provided by general law. |
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| 15 | 15 | | The fund is not subject to legislative appropriation. |
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| 16 | 16 | | (b) The administrator of the water for Texas fund may use |
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| 17 | 17 | | the fund only to disburse money to other funds administered by the |
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| 18 | 18 | | Texas Water Development Board or that board's successor in |
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| 19 | 19 | | function. The administrator may restore to the fund money |
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| 20 | 20 | | disbursed from the fund and deposited to the credit of another fund. |
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| 21 | 21 | | Legislative appropriation is not required for the administrator to |
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| 22 | 22 | | disburse money from, or restore money to, the fund. |
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| 23 | 23 | | (c) The administrator of the water for Texas fund may |
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| 24 | 24 | | establish separate accounts in the fund as necessary or convenient |
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| 25 | 25 | | to administer the fund. |
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| 26 | 26 | | (d) The water for Texas fund consists of: |
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| 27 | 27 | | (1) money transferred or deposited to the credit of |
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| 28 | 28 | | the fund by general law, including money from any source |
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| 29 | 29 | | transferred or deposited to the credit of the fund at the discretion |
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| 30 | 30 | | of the administrator of the water for Texas fund as authorized by |
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| 31 | 31 | | general law; |
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| 32 | 32 | | (2) any other revenue that the legislature by statute |
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| 33 | 33 | | dedicates for deposit to the credit of the fund; |
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| 34 | 34 | | (3) investment earnings and interest earned on amounts |
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| 35 | 35 | | credited to the fund; |
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| 36 | 36 | | (4) money from gifts, grants, or donations to the |
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| 37 | 37 | | fund; and |
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| 38 | 38 | | (5) the redeposit of money disbursed from the fund. |
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| 39 | 39 | | (e) The legislature by general law shall provide for the |
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| 40 | 40 | | manner in which money from the water for Texas fund may be used, |
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| 41 | 41 | | subject to the limitations provided by this section. |
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| 42 | 42 | | (f) The legislature by general law may provide for costs of |
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| 43 | 43 | | investment of the water for Texas fund to be paid from that fund. |
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| 44 | 44 | | SECTION 2. This proposed constitutional amendment shall be |
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| 45 | 45 | | submitted to the voters at an election to be held November 7, 2023. |
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| 46 | 46 | | The ballot shall be printed to permit voting for or against the |
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| 47 | 47 | | proposition: "The constitutional amendment creating the water for |
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| 48 | 48 | | Texas fund to assist in financing water projects in this state." |
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