TITLE: Proposing a constitutional amendment creating the Local Government Water Redevelopment Fund to assist in financing water projects in this state.

SUMMARY: Proposing a constitutional amendment creating the Local Government Water Redevelopment Fund to assist in financing water projects in this state.

FULL TEXT:
89(R) HJR 188-Introduced version-Bill Text By: Barry H.J.R. No. 188 A JOINT RESOLUTION proposing a constitutional amendment creating the Local Government Water Redevelopment Fund to assist in financing water projects in this state. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Article III, Texas Constitution, is amended by adding Section 49-d-17 to read as follows: Sec. 49-d-17. (a) The Local Government Water Redevelopment Fund is created as a special fund in the state treasury outside the general revenue fund. The fund is administered by the Texas Water Development Board or by that board's successor in function as provided by general law. (b) The Water redevelopment fund consists of: (1) money transferred or deposited to the credit of the fund by general law, including money appropriated by the legislature directly to the fund and money from any source transferred or deposited to the credit of the fund authorized by general law; (2) any other revenue that the legislature by statute dedicates for deposit to the credit of the fund; (3) depository interest earned on amounts credited to the fund; and (4) money from gifts, grants, or donations to the fund. (c) The legislature by general law shall provide for the manner in which money from the Local Government Water Redevelopment Fund may be used, subject to the limitations provided by this section. (d) The expenses of managing the investments of the Water redevelopment fund shall be paid from that fund. (e) For purposes of Section 22, Article VIII, of this constitution: (1) money in the Water redevelopment 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 Water redevelopment fund is treated as if it were an appropriation of revenues dedicated by this constitution. (f) Any unexpended and unobligated balance remaining in the Water redevelopment fund at the end of a state fiscal biennium is appropriated to the administrator of that fund for the following state fiscal biennium for the purposes authorized by this section. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 7, 2025. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment creating the Local Government Water Redevelopment Fund to assist in financing the repair and redevelopment of water infrastructure projects in this state."