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SENATE JOINT RESOLUTION
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proposing a constitutional amendment establishing a transportation |
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infrastructure fund to assist counties in this state in the |
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construction, reconstruction, or maintenance of transportation |
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infrastructure that is intended to alleviate degradation caused by |
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the exploration, development, or production of oil or gas. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article III, Texas Constitution, is amended by |
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adding Section 49-q to read as follows: |
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Sec. 49-q. (a) The transportation infrastructure fund is |
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established as a special fund in the state treasury. |
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(b) In each fiscal year, the comptroller of public accounts |
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shall transfer from the economic stabilization fund to the |
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transportation infrastructure fund three percent of the amount |
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transferred in that fiscal year under Subsection (c) of Section |
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49-g of this article. |
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(c) The transportation infrastructure fund may be used only |
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for the purpose of assisting counties in this state in the |
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construction, reconstruction, or maintenance of transportation |
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infrastructure that is intended to alleviate degradation caused by |
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the exploration, development, or production of oil or gas. |
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SECTION 2. Section 49-g, Article III, Texas Constitution, |
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is amended by adding Subsection (j-1) to read as follows: |
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(j-1) In each fiscal year, the comptroller shall transfer to |
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the transportation infrastructure fund three percent of the amount |
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transferred to the economic stabilization fund under Subsection (c) |
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of this section. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 5, 2013. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment establishing a |
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transportation infrastructure fund to assist counties in this state |
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in the construction, reconstruction, or maintenance of |
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transportation infrastructure that is intended to alleviate |
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degradation caused by the exploration, development, or production |
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of oil or gas." |