88R15739 JAM-D
 
  By: King of Uvalde H.J.R. No. 130
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment creating the Texas water 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-16 to read as follows:
         Sec. 49-d-16.  (a)  The Texas water 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 administrator of the Texas water fund may use the
  fund only to disburse money to other funds administered by the Texas
  Water Development Board or that board's successor in function. The
  administrator may restore to the fund money disbursed from the fund
  and deposited to the credit of another fund.  Legislative
  appropriation is not required for the administrator to restore
  money to the fund.
         (c)  The Texas water fund consists of:
               (1)  money transferred or deposited to the credit of
  the fund by general law, including 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)  investment earnings and interest earned on amounts
  credited to the fund;
               (4)  money from gifts, grants, or donations to the
  fund; and
               (5)  the redeposit of money disbursed from the fund.
         (d)  The legislature by general law shall provide for the
  manner in which money from the Texas water fund may be used, subject
  to the limitations provided by this section.
         (e)  The legislature by general law may provide for costs of
  investment of the Texas water fund to be paid from that fund.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment creating the Texas
  water fund to assist in financing water projects in this state."