89R18816 TYPED
By: Harris H.J.R. No. 8
A JOINT RESOLUTION
proposing a constitutional amendment providing for the creation of
the Texas nuclear development fund to support the development,
construction, and operation of advanced nuclear reactor projects.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 49-r to read as follows:
Sec. 49-r. (a) The Texas nuclear development 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 nuclear
development fund may be administered and used, without further
appropriation, to provide grants to entities for financing or
incentivizing the development, construction, and operation of
advanced nuclear reactor projects, including associated
infrastructure, necessary to ensure the reliability or adequacy of
an electric power grid in this state.
(c) The entity administering the Texas nuclear development
fund may establish separate accounts in the fund as necessary or
convenient for the fund's administration.
(d) The Texas nuclear development fund consists of:
(1) money credited, appropriated, or transferred to
the fund by or as authorized by the legislature;
(2) revenue that the legislature dedicates for deposit
to the credit of the fund;
(3) the returns received from the investment of the
money in the fund or money in other funds and designated to the
Texas nuclear development fund; and
(4) gifts, grants, and donations contributed to the
credit of the fund.
(e) The reasonable expenses of managing the Texas nuclear
development fund's assets shall be paid from the fund.
(f) The legislature by a provision of a general
appropriations act may provide for the transfer to the general
revenue fund of money that is subject to this section.
(g) The legislature may appropriate general revenue for the
purpose of depositing money to the credit of the Texas nuclear
development fund to be used for the purposes of that fund.
(h) For purposes of Section 22, Article VIII, of this
constitution:
(1) money in the Texas nuclear development fund is
dedicated by this constitution; and
(2) an appropriation of state tax revenues for the
purpose of depositing money to the credit of the Texas nuclear
development fund is treated as if it were an appropriation of
revenues dedicated by this constitution.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 4, 2025.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment providing for the
creation of the Texas nuclear development fund to support the
development, construction, and operation of advanced nuclear
reactor projects for dispatchable electric generation."