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... add ''Article VIII, Section 1-r'' | ... add ''Article VIII, Section 1-r'' | ||
Added November 7, 2023: | Added November 7, 2023: | ||
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... add ''Article VIII, Section 1-x'' | ... add ''Article VIII, Section 1-x'' | ||
Note that this section is numbered 1-x instead of 1- | Note that this section is numbered 1-x instead of 1-s, which is the next-available number. | ||
Added November 7, 2023: | Added November 7, 2023: | ||
'''The Legislature by general law may exempt from ad valorem taxation the tangible personal property held by a manufacturer of medical or biomedical products as a finished good or used in the manufacturing or processing of medical or biomedical products.''' | '''The Legislature by general law may exempt from ad valorem taxation the tangible personal property held by a manufacturer of medical or biomedical products as a finished good or used in the manufacturing or processing of medical or biomedical products.''' | ||
===14. SJR 93=== | |||
... add ''Article VIII, Section 1-q'' | |||
Added November 7, 2023: | |||
Section 49-q to read as follows: | |||
Sec.A49-q.AA(a) The Texas energy fund is created as a | |||
special fund in the state treasury outside the general revenue | |||
fund. | |||
(b)AAAs provided by general law, money in the Texas energy | |||
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 loans and grants to any entity to | |||
finance or incentivize the construction, maintenance, | |||
modernization, and operation of electric generating facilities, | |||
including associated infrastructure, necessary to ensure the | |||
reliability or adequacy of an electric power grid in this state. | |||
The commission shall allocate money from the fund for loans and | |||
grants to eligible projects: | |||
(1)AAfor electric generating facilities that serve as | |||
backup power sources; and | |||
(2)AAin each region of the state that is part of an | |||
electric power grid in proportion to that region ’s load share. | |||
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(c)AAThe entity administering the Texas energy fund may | |||
establish separate accounts in the fund as necessary or convenient | |||
for the fund ’s administration. | |||
(d)AAThe Texas energy fund consists of: | |||
(1)AAmoney credited, appropriated, or transferred to | |||
the fund by or as authorized by the legislature; | |||
(2)AArevenue that the legislature dedicates for deposit | |||
to the credit of the fund; | |||
(3)AAthe returns received from the investment of the | |||
money in the fund; and | |||
(4)AAgifts, grants, and donations contributed to the | |||
credit of the fund. | |||
(e)AAThe reasonable expenses of managing the Texas energy | |||
fund ’s assets shall be paid from the fund. | |||
(f)AAThe 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)AAThe legislature may appropriate general revenue for the | |||
purpose of depositing money to the credit of the Texas energy fund | |||
to be used for the purposes of that fund. | |||
'''(h) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this constitution: (1) money in the Texas energy 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 energy fund is treated as if it were an appropriation of revenues dedicated by this constitution.''' | |||