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Senate Joint Resolution 75 |
Senate Author: Perry et al. |
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For Election: 11-7-23 |
House Sponsor: King, Tracy O. et al. |
Senate Joint Resolution 75 proposes an amendment to the Texas Constitution to create the Texas water fund as a special fund in the state treasury outside the general revenue fund to be administered by the Texas Water Development Board (TWDB) for the purpose of transferring money to other funds or accounts administered by the TWDB. The transferred money may be spent without further legislative appropriation in the manner provided by general law governing the use of money in the fund or account to which the money was transferred.
Senate Joint Resolution 75 requires the legislature by general law to provide for the manner in which money from the Texas water fund may be used, subject to the limitations provided by the resolution, and requires the TWDB to allocate not less than 25 percent of the amount of money initially appropriated to the fund to be used only for transfer to the New Water Supply for Texas Fund.