Bill > SJR93

This Joint Resolution proposes a constitutional amendment to create the Texas energy fund, a dedicated fund outside of the state's general revenue, to support the building, upkeep, updating, and running of electric generating facilities and related infrastructure. This fund would be managed by the Public Utility Commission of Texas (PUC), or its successor, and could provide loans and grants to entities for projects that ensure the reliability or adequacy of the state's electric power grid, specifically prioritizing backup power sources and allocating funds proportionally to different regions based on their electricity usage. The fund would be financed through legislative appropriations, dedicated revenue, investment returns, and donations, with provisions for managing expenses and potential transfers to general revenue. The proposed amendment will be put before voters on November 7, 2023, for their approval or rejection.