88R12163 JXC-D
	By: Hunter	H.J.R. No. 180

	A JOINT RESOLUTION
	proposing a constitutional amendment providing for the creation of
	the Texas energy reliability fund to finance construction of
	electric generating 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 Texas energy reliability 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 energy
	reliability 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 of new electric generating facilities or
	additional generating capacity for electric generating facilities.
	(c)  The entity administering the Texas energy reliability
	fund may establish separate accounts in the fund as necessary or
	convenient for the fund's administration.
	(d)  The Texas energy reliability 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 entity administering the fund;
	(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 Texas energy reliability fund to finance
	construction of electric generating facilities."