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  89R19821 SCR-F     By: Harris H.J.R. No. 8       A JOINT RESOLUTION   proposing a constitutional amendment providing for the creation of   the Texas nuclear development fund to support the development,   construction, and operation of advanced nuclear reactor projects   for dispatchable electric generation.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article III, Texas Constitution, is amended by   adding Section 49-r to read as follows:           Sec.   49-r.     (a) The Texas nuclear development 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 nuclear   development 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 grants to any   entity, based on recommendations from the office of the governor,   to finance or incentivize the development, construction, and   operation of advanced nuclear reactor projects and associated   infrastructure as necessary to ensure a reliable and adequate   supply of electric power in this state.           (c)     The entity administering the Texas nuclear development   fund may establish separate accounts in the fund as necessary or   convenient for the fund's administration.           (d)  The Texas nuclear development 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 nuclear   development 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 nuclear   development 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 nuclear development 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 nuclear   development 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 4, 2025.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment providing for the   creation of the Texas nuclear development fund to support the   development, construction, and operation of advanced nuclear   reactor projects for dispatchable electric generation."