HJR 8

89R19821 SCR-F
		By: Harris
  H.J.R. No. 8
  A JOINT RESOLUTION
  proposing a constitutional amendment providing for the creation of
  the Texas nuclear development fund to support the development,
  construction, and operation of advanced nuclear reactor projects
  for dispatchable electric generation.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article III, Texas Constitution, is amended by
  adding Section 49-r to read as follows:
         Sec. 49-r.  (a)  The Texas nuclear development 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 nuclear
  development 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 grants to any
  entity, based on recommendations from the office of the governor,
  to finance or incentivize the development, construction, and
  operation of advanced nuclear reactor projects and associated
  infrastructure as necessary to ensure a reliable and adequate
  supply of electric power in this state.
         (c)  The entity administering the Texas nuclear development
  fund may establish separate accounts in the fund as necessary or
  convenient for the fund's administration.
         (d)  The Texas nuclear development fund consists of:
               (1)  money credited, appropriated, or transferred to
  the fund by or as authorized by the legislature;
               (2)  revenue that the legislature dedicates for deposit
  to the credit of the fund;
               (3)  the returns received from the investment of the
  money in the fund; and
               (4)  gifts, grants, and donations contributed to the
  credit of the fund.
         (e)  The reasonable expenses of managing the Texas nuclear
  development fund's assets shall be paid from the fund.
         (f)  The legislature by a provision of a general
  appropriations act may provide for the transfer to the general
  revenue fund of money that is subject to this section.
         (g)  The legislature may appropriate general revenue for the
  purpose of depositing money to the credit of the Texas nuclear
  development fund to be used for the purposes of that fund.
         (h)  For purposes of Section 22, Article VIII, of this
  constitution:
               (1)  money in the Texas nuclear development fund is
  dedicated by this constitution; and
               (2)  an appropriation of state tax revenues for the
  purpose of depositing money to the credit of the Texas nuclear
  development fund is treated as if it were an appropriation of
  revenues dedicated by this constitution.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 4, 2025.
  The ballot shall be printed to permit voting for or against the
  proposition:  "The constitutional amendment providing for the
  creation of the Texas nuclear development fund to support the
  development, construction, and operation of advanced nuclear
  reactor projects for dispatchable electric generation."