The resolution proposes a constitutional amendment to establish the Texas Health Care Workforce Education Fund, aimed at providing dedicated funding to eligible institutions of higher education 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 proposed amendment will be presented to voters in an election scheduled for November 4, 2025. If approved, the fund will support educational and general activities that address health care workforce requirements in Texas, allowing eligible universities to utilize the funds for these purposes without needing further appropriation in subsequent fiscal bienniums. The resolution emphasizes the importance of maintaining the purchasing power of the fund's investment assets over time, ensuring a stable and predictable stream of funding for the state's health care education initiatives.