Bill > SJR48

This joint resolution proposes a constitutional amendment to create the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, a new state fund designed to support areas significantly impacted by oil and gas production. The resolution establishes that the fund will receive 10% of certain state general revenue transfers, with a cap of $500 million annually, and any excess funds will be redirected to property tax relief. The fund can be used to provide grants to state agencies, political subdivisions, public higher education institutions, and nonprofit organizations to address public health, safety, workforce preparedness, and educational needs in oil and gas-producing regions. The amendment also modifies existing constitutional provisions regarding revenue transfers, allocating percentages to various funds including the economic stabilization fund, the state highway fund, the oil and gas regulation and cleanup account, and the Texas emissions reduction plan fund. The proposed amendment is set to take effect on September 1, 2027, and will be submitted to Texas voters for approval in a November 4, 2025 election, with the temporary provision expiring on September 1, 2028.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SJR48