S.J.R. No. 93
 
 
 
  proposing a constitutional amendment providing for the creation of
  the Texas energy fund to support the construction, maintenance,
  modernization, and operation of electric generating facilities.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article III, Texas Constitution, is amended by
  adding Section 49-q to read as follows:
         Sec. 49-q.  (a)  The Texas energy 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 Texas energy
  fund may be administered and used, without further appropriation,
  only by the Public Utility Commission of Texas or that commission's
  successor in function to provide loans and grants to any entity to
  finance or incentivize the construction, maintenance,
  modernization, and operation of electric generating facilities,
  including associated infrastructure, necessary to ensure the
  reliability or adequacy of an electric power grid in this state.
  The commission shall allocate money from the fund for loans and
  grants to eligible projects:
               (1)  for electric generating facilities that serve as
  backup power sources; and
               (2)  in each region of the state that is part of an
  electric power grid in proportion to that region's load share.
         (c)  The entity administering the Texas energy fund may
  establish separate accounts in the fund as necessary or convenient
  for the fund's administration.
         (d)  The Texas energy fund consists of:
               (1)  money credited, appropriated, or transferred to
  the fund by or as authorized by the legislature;
               (2)  revenue that the legislature dedicates for deposit
  to the credit of the fund;
               (3)  the returns received from the investment of the
  money in the fund; and
               (4)  gifts, grants, and donations contributed to the
  credit of the fund.
         (e)  The reasonable expenses of managing the Texas energy
  fund's assets shall be paid from the fund.
         (f)  The legislature by a provision of a general
  appropriations act may provide for the transfer to the general
  revenue fund of money that is subject to this section.
         (g)  The legislature may appropriate general revenue for the
  purpose of depositing money to the credit of the Texas energy fund
  to be used for the purposes of that fund.
         (h)  For purposes of Section 22, Article VIII, of this
  constitution:
               (1)  money in the Texas energy fund is dedicated by this
  constitution; and
               (2)  an appropriation of state tax revenues for the
  purpose of depositing money to the credit of the Texas energy fund
  is treated as if it were an appropriation of revenues dedicated by
  this constitution.
         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 providing for the
  creation of the Texas energy fund to support the construction,
  maintenance, modernization, and operation of electric generating
  facilities."
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.J.R. No. 93 was adopted by the Senate
  on May 4, 2023, by the following vote: Yeas 27, Nays 4; and that
  the Senate concurred in House amendment on May 28, 2023, by the
  following vote: Yeas 27, Nays 4.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.J.R. No. 93 was adopted by the House,
  with amendment, on May 22, 2023, by the following vote: Yeas 103,
  Nays 35, one present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Received:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
       Secretary of State