Bill Text: TX SJR45 | 2023-2024 | 88th Legislature | Introduced

Texas Senate Joint Resolution 45

Introduced

Bill Title: Proposing a constitutional amendment providing for the creation of the electric generating facility fund to finance construction and maintenance of electric generating and transmission facilities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-01 - Referred to Business & Commerce [SJR45 Detail]

Download: Texas-2023-SJR45-Introduced.html

	2023S0110-2 02/10/23

	By: Perry	S.J.R. No. 45



	A JOINT RESOLUTION
	proposing a constitutional amendment providing for the creation of
	the electric generating facility fund to finance construction and
	maintenance of electric generating and transmission facilities.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Article III, Texas Constitution, is amended by
	adding Section 49-q to read as follows:
	Sec. 49-q. (a) The electric generating facility 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 electric
	generating facility 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 loans
	to finance the construction and maintenance of electric generating
	facilities and associated transmission facilities in this state.
	(c) The agency administering the electric generating
	facility fund may establish separate accounts in the fund as
	necessary or convenient for the fund's administration.
	(d) The electric generating facility fund consists of:
	(1) money transferred or deposited to the credit of
	the fund by or as authorized by law, including money from any source
	transferred or deposited to the credit of the fund at the discretion
	of the Public Utility Commission of Texas or that commission's
	successor in function;
	(2) revenue, including the proceeds of any fee,
	assessment, or tax imposed by this state, that general law
	dedicates for deposit to the credit of the fund; and
	(3) investment earnings and interest earned on money
	in the fund.
	SECTION 2. This proposed constitutional amendment shall be
	submitted to the voters at an election to be held November 7, 2023.
	The ballot shall be printed to permit voting for or against the
	proposition: "The constitutional amendment providing for the
	creation of the electric generating facility fund to finance
	construction and maintenance of electric facilities."