No fiscal implication to the State is anticipated, other than the cost of publication.
The cost to the state for publication of the resolution is $191,689.
The proposed constitutional amendment would amend the Texas Constitution by adding a new section establishing the right of individuals to own, hold, and use a mutually agreed-upon medium of exchange, such as cash, coin, bullion, digital currency, or privately issued scrip, for trading and contracting goods and services. The amendment would prohibit any government from restricting or encumbering the ownership or holding of any form or amount of money or currency. However, the amendment would not restrict the state from choosing which medium of exchange it will accept for payments to the state.
The proposed amendment would have no revenue implications and would not impose substantive restrictions or requirements on the state.
The proposed amendment would be submitted to voters at an election to be held November 4, 2025.
No fiscal implication to units of local government is anticipated.