LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION

March 22, 2023

TO:	Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	SJR1 by Schwertner (Proposing a constitutional amendment providing for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities.), As Introduced

No significant fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation.

The cost to the state for publication of the resolution is $204,406.

The joint resolution would propose an amendment to Article III of the Texas Constitution to provide for the creation of the Texas energy insurance fund and the authorization of other funding mechanisms to support the construction and operation of electric generating facilities. 

Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication.

The cost to the state for publication of the resolution is $204,406.

The proposed amendment would be submitted to voters at an election to be held November 7, 2023

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 473 Public Utility Commission of Texas

LBB Staff:

JMc, SZ, GDZ, JBel