The resolution proposes an amendment to the Texas Constitution that would allocate certain surplus revenues to assist school districts in paying off bond debt supported by ad valorem taxes. Starting from the fiscal year beginning September 1, 2026, the Texas Education Agency would receive funds derived from two sources: half of the surplus general revenue anticipated for the 2025-2026 biennium and half of the unobligated balance from the economic stabilization fund as of September 1, 2025. These funds would be distributed to school districts based on student enrollment and must be used primarily for debt service on high-interest bonds.

Additionally, the resolution stipulates that if a school district receives more funds than it owes on its bonds, the excess must be used first to pay off any outstanding bond debt and then for capital improvements. School districts accepting these funds would be prohibited from issuing new ad valorem tax-supported bonds for a decade. The proposed amendment is set to be voted on by the public in an election scheduled for November 4, 2025, and it would remain in effect until September 1, 2039.