Bill > HJR130

This Joint Resolution proposes a constitutional amendment to create the Texas Water Fund, a dedicated fund outside of the state's general revenue, to help finance water projects across Texas. The fund would be managed by the Texas Water Development Board (TWDB), a state agency responsible for water planning and financial assistance for water-related projects. Money could be transferred into the fund from various sources, including legislative appropriations, dedicated revenues, investment earnings, gifts, grants, and the redeposit of funds previously disbursed. The legislature would determine how the money from this fund can be used for water projects, and it could also cover the costs associated with managing the fund's investments. If approved by voters, this amendment would be placed on the ballot for the November 7, 2023 election.