| 1 | | - | By: Johnson, Zaffirini S.J.R. No. 82 |
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| 2 | | - | SENATE JOINT RESOLUTION |
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| 1 | + | By: Johnson S.J.R. No. 82 |
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| 2 | + | (In the Senate - Filed March 9, 2023; March 21, 2023, read |
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| 3 | + | first time and referred to Committee on Business & Commerce; |
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| 4 | + | April 18, 2023, reported adversely, with favorable Committee |
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| 5 | + | Substitute by the following vote: Yeas 10, Nays 0; April 18, 2023, |
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| 6 | + | sent to printer.) |
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| 7 | + | Click here to see the committee vote |
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| 8 | + | COMMITTEE SUBSTITUTE FOR S.J.R. No. 82 By: Johnson |
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| 5 | 12 | | proposing a constitutional amendment providing for the creation of |
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| 6 | 13 | | the Texas power resiliency fund to finance backup power sources. |
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| 7 | 14 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 8 | 15 | | SECTION 1. Article III, Texas Constitution, is amended by |
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| 9 | 16 | | adding Section 49-q to read as follows: |
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| 10 | 17 | | Sec. 49-q. (a) The Texas power resiliency fund is created |
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| 11 | 18 | | as a special fund in the state treasury outside the general revenue |
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| 12 | 19 | | fund. |
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| 13 | 20 | | (b) As provided by general law, money in the Texas power |
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| 14 | 21 | | resiliency fund may be used without further appropriation and |
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| 15 | 22 | | administered only by the Texas Division of Emergency Management or |
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| 19 | 26 | | (c) The entity administering the Texas power resiliency |
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| 20 | 27 | | fund may establish separate accounts in the fund as necessary or |
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| 21 | 28 | | convenient for the fund's administration. |
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| 22 | 29 | | (d) The Texas power resiliency fund consists of: |
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| 23 | 30 | | (1) money credited, appropriated, or transferred to |
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| 24 | 31 | | the fund by the legislature; |
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| 25 | 32 | | (2) revenue that the legislature dedicates for deposit |
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| 26 | 33 | | to the credit of the fund; |
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| 27 | 34 | | (3) the returns received from the investment of the |
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| 28 | 35 | | money in the fund; and |
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| 29 | 36 | | (4) gifts, grants, and donations contributed to the |
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| 30 | 37 | | credit of the fund. |
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| 31 | 38 | | (e) The reasonable expenses of managing the fund's assets |
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| 32 | 39 | | shall be paid from the fund. |
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| 33 | 40 | | (f) For purposes of Section 22, Article VIII, of this |
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| 34 | 41 | | constitution: |
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| 35 | 42 | | (1) money in the Texas power resiliency fund is |
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| 36 | 43 | | dedicated by this constitution; and |
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| 37 | 44 | | (2) an appropriation of state tax revenues for the |
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| 38 | 45 | | purpose of depositing money to the credit of the Texas power |
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| 39 | 46 | | resiliency fund is treated as if it were an appropriation of |
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| 40 | 47 | | revenues dedicated by this constitution. |
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| 41 | 48 | | SECTION 2. This proposed constitutional amendment shall be |
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| 42 | 49 | | submitted to the voters at an election to be held November 7, 2023. |
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| 43 | 50 | | The ballot shall be printed to permit voting for or against the |
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| 44 | 51 | | proposition: "The constitutional amendment providing for the |
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| 45 | 52 | | creation of the Texas power resiliency fund to finance backup power |
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| 46 | 53 | | sources." |
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