86R3654 SLB-D
 
  By: Perry S.J.R. No. 28
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment providing for the creation of
  the State Flood Plan Implementation Fund to assist in the financing
  of certain flood-related projects and the transfer to that fund of
  money from the economic stabilization fund.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article III, Texas Constitution, is amended by
  adding Section 49-d-14 to read as follows:
         Sec. 49-d-14.  (a)  The State Flood Plan Implementation Fund
  is created as a special fund in the state treasury outside the
  general revenue fund.
         (b)  As provided by general law, money in the State Flood
  Plan Implementation Fund may be administered and used, without
  further appropriation, by the Texas Water Development Board or that
  board's successor in function to implement the state flood plan
  that is adopted as required by general law by the Texas Water
  Development Board or that board's successor in function and to fund
  flood control dam repair and maintenance projects administered by
  the State Soil and Water Conservation Board.
         (c)  Separate accounts may be established in the State Flood
  Plan Implementation Fund as necessary to administer the fund or
  authorized projects.
         (d)  On November 30, 2019, the amount of $1.2 billion is
  transferred from the economic stabilization fund to the credit of
  the State Flood Plan Implementation Fund.  This subsection expires
  January 1, 2020.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 5, 2019.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment providing for the
  creation of the State Flood Plan Implementation Fund to assist in
  the financing of certain flood-related projects and the transfer to
  that fund of money from the economic stabilization fund."