HJR188 - Proposing a constitutional amendment creating the Local Government Water Redevelopment Fund to assist in financing water projects in this state.

      By: Barry H.J.R. No. 188       A JOINT RESOLUTION   proposing a constitutional amendment creating the Local Government   Water Redevelopment Fund to assist in financing water projects in   this state.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article III, Texas Constitution, is amended by   adding Section 49-d-17 to read as follows:           Sec.   49-d-17.     (a) The Local Government Water Redevelopment   Fund is created as a special fund in the state treasury outside the   general revenue fund.   The fund is administered by the Texas Water   Development Board or by that board's successor in function as   provided by general law.           (b)  The Water redevelopment fund consists of:                 (1)     money transferred or deposited to the credit of   the fund by general law, including money appropriated by the   legislature directly to the fund and money from any source   transferred or deposited to the credit of the fund authorized by   general law;                 (2)     any other revenue that the legislature by statute   dedicates for deposit to the credit of the fund;                 (3)     depository interest earned on amounts credited to   the fund; and                 (4)     money from gifts, grants, or donations to the   fund.           (c)     The legislature by general law shall provide for the   manner in which money from the Local Government Water Redevelopment   Fund may be used, subject to the limitations provided by this   section.           (d)     The expenses of managing the investments of the Water   redevelopment fund shall be paid from that fund.           (e)     For purposes of Section 22, Article VIII, of this   constitution:                 (1)     money in the Water redevelopment 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 Water   redevelopment fund is treated as if it were an appropriation of   revenues dedicated by this constitution.           (f)     Any unexpended and unobligated balance remaining in the   Water redevelopment fund at the end of a state fiscal biennium is   appropriated to the administrator of that fund for the following   state fiscal biennium for the purposes authorized by this section.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2025.     The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment creating the Local   Government Water Redevelopment Fund to assist in financing the   repair and redevelopment of water infrastructure projects in this   state."