The resolution proposes a constitutional amendment to establish the Texas Health Care Workforce Education Fund, aimed at providing dedicated funding to eligible higher education institutions in Texas to meet the state's health care workforce needs and stimulate the economy. The fund will be financed through legislative appropriations, gifts, grants, donations, and investment earnings. The legislature will oversee the fund's administration and ensure that the money is allocated equitably to state universities based on a formula they will establish and review biennially.
The amendment outlines that the fund's distributions can only be used for educational and general activities that support the state's health care workforce needs. It also stipulates that the fund's investment assets must maintain their purchasing power over time, with specific limits on annual appropriations. The proposed amendment will be presented to voters in an election scheduled for November 4, 2025, allowing them to decide on the establishment of the fund.