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A JOINT RESOLUTION
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proposing a constitutional amendment creating the Local Government |
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Water Redevelopment Fund to assist in financing water projects in |
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this state. |
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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-17 to read as follows: |
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Sec. 49-d-17. (a) The Local Government Water Redevelopment |
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Fund is created as a special fund in the state treasury outside the |
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general revenue fund. The fund is administered by the Texas Water |
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Development Board or by that board's successor in function as |
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provided by general law. |
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(b) The Water redevelopment fund consists of: |
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(1) money transferred or deposited to the credit of |
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the fund by general law, including money appropriated by the |
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legislature directly to the fund and money from any source |
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transferred or deposited to the credit of the fund authorized by |
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general law; |
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(2) any other revenue that the legislature by statute |
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dedicates for deposit to the credit of the fund; |
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(3) depository interest earned on amounts credited to |
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the fund; and |
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(4) money from gifts, grants, or donations to the |
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fund. |
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(c) The legislature by general law shall provide for the |
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manner in which money from the Local Government Water Redevelopment |
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Fund may be used, subject to the limitations provided by this |
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section. |
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(d) The expenses of managing the investments of the Water |
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redevelopment fund shall be paid from that fund. |
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(e) For purposes of Section 22, Article VIII, of this |
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constitution: |
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(1) money in the Water redevelopment fund is dedicated |
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by this constitution; and |
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(2) an appropriation of state tax revenues for the |
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purpose of depositing money to the credit of the Water |
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redevelopment fund is treated as if it were an appropriation of |
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revenues dedicated by this constitution. |
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(f) Any unexpended and unobligated balance remaining in the |
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Water redevelopment fund at the end of a state fiscal biennium is |
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appropriated to the administrator of that fund for the following |
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state fiscal biennium for the purposes authorized by this section. |
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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 7, 2025. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment creating the Local |
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Government Water Redevelopment Fund to assist in financing the |
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repair and redevelopment of water infrastructure projects in this |
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state." |