Texas 2025 - 89th Regular

Texas House Bill HJR8 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	~~89R19821 SCR-F~~
	1	+	89R18816 TYPED
2	2		By: Harris H.J.R. No. 8
3		-	~~Substitute the following for H.J.R. No. 8:~~
4		-	~~By: King C.S.H.J.R. No. 8~~
	3	+
	4	+
5	5
6	6
7	7		A JOINT RESOLUTION
8	8		proposing a constitutional amendment providing for the creation of
9	9		the Texas nuclear development fund to support the development,
10		-	construction, and operation of advanced nuclear reactor projects
11		-	for dispatchable electric generation.
	10	+	construction, and operation of advanced nuclear reactor projects.
12	11		BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
13	12		SECTION 1. Article III, Texas Constitution, is amended by
14	13		adding Section 49-r to read as follows:
15	14		Sec. 49-r. (a) The Texas nuclear development fund is
16	15		created as a special fund in the state treasury outside the general
17	16		revenue fund.
18	17		(b) As provided by general law, money in the Texas nuclear
19	18		development fund may be administered and used, without further
20		-	appropriation, only by the Public Utility Commission of Texas or
21		-	that commission's successor in function to provide grants to any
22		-	entity, based on recommendations from the office of the governor,
23		-	to finance or incentivize the development, construction, and
24		-	operation of advanced nuclear reactor projects and associated
25		-	infrastructure as necessary to ensure a reliable and adequate
26		-	supply of electric power in this state.
	19	+	appropriation, to provide grants to entities for financing or
	20	+	incentivizing the development, construction, and operation of
	21	+	advanced nuclear reactor projects, including associated
	22	+	infrastructure, necessary to ensure the reliability or adequacy of
	23	+	an electric power grid in this state.
27	24		(c) The entity administering the Texas nuclear development
28	25		fund may establish separate accounts in the fund as necessary or
29	26		convenient for the fund's administration.
30	27		(d) The Texas nuclear development fund consists of:
31	28		(1) money credited, appropriated, or transferred to
32	29		the fund by or as authorized by the legislature;
33	30		(2) revenue that the legislature dedicates for deposit
34	31		to the credit of the fund;
35	32		(3) the returns received from the investment of the
36		-	money in the fund; and
	33	+	money in the fund or money in other funds and designated to the
	34	+	Texas nuclear development fund; and
37	35		(4) gifts, grants, and donations contributed to the
38	36		credit of the fund.
39	37		(e) The reasonable expenses of managing the Texas nuclear
40	38		development fund's assets shall be paid from the fund.
41	39		(f) The legislature by a provision of a general
42	40		appropriations act may provide for the transfer to the general
43	41		revenue fund of money that is subject to this section.
44	42		(g) The legislature may appropriate general revenue for the
45	43		purpose of depositing money to the credit of the Texas nuclear
46	44		development fund to be used for the purposes of that fund.
47	45		(h) For purposes of Section 22, Article VIII, of this
48	46		constitution:
49	47		(1) money in the Texas nuclear development fund is
50	48		dedicated by this constitution; and
51	49		(2) an appropriation of state tax revenues for the
52	50		purpose of depositing money to the credit of the Texas nuclear
53	51		development fund is treated as if it were an appropriation of
54	52		revenues dedicated by this constitution.
55	53		SECTION 2. This proposed constitutional amendment shall be
56	54		submitted to the voters at an election to be held November 4, 2025.
57	55		The ballot shall be printed to permit voting for or against the
58	56		proposition: "The constitutional amendment providing for the
59	57		creation of the Texas nuclear development fund to support the
60	58		development, construction, and operation of advanced nuclear
61	59		reactor projects for dispatchable electric generation."