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A JOINT RESOLUTION
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proposing a constitutional amendment providing for the creation of |
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the Texas resilience infrastructure fund to assist in the financing |
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of resilience projects. |
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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-d-14 to read as follows: |
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Sec. 49-d-14. (a) The Texas resilience infrastructure |
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fund is created as a special fund in the state treasury outside the |
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general revenue fund. |
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(b) As provided by general law, money in the Texas |
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resilience infrastructure fund may be administered and used, |
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without further appropriation, by the Texas Water Development Board |
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or that board's successor in function to provide financing for |
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projects to prevent flooding or mitigate damage from flooding |
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related to a rainstorm, tropical storm or depression, hurricane, or |
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storm surge affecting in this state or coastal public land: |
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(1) public health or welfare; |
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(2) public or private property; or |
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(3) habitat for fish or wildlife. |
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(c) Separate accounts may be established in the Texas |
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resilience infrastructure fund as necessary to administer the fund |
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or authorized projects. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 5, 2019. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment providing for the |
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creation of the Texas resilience infrastructure fund to assist in |
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the financing of resilience projects." |