Texas Constitution:Article III, Section 49-d-16: Difference between revisions

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'''(b) The Broadband Infrastructure Fund is created as a special fund in the State Treasury outside the General Revenue Fund.'''
'''(b) The Broadband Infrastructure Fund is created as a special fund in the State Treasury outside the General Revenue Fund.'''


'''(c) The Fund consists of: (1) money transferred or deposited to the credit of the fund by this constitution, general law, or the General Appropriations Act; (2) revenue that the Legislature by general law dedicates for deposit to the credit of the fund; (3) investment earnings and interest earned on money in the fund; and (4) gifts, grants, and donations to the fund.'''
'''(c) The Fund consists of: (1) money transferred or deposited to the credit of the fund by this Constitution, general law, or the General Appropriations Act; (2) revenue that the Legislature by general law dedicates for deposit to the credit of the fund; (3) investment earnings and interest earned on money in the fund; and (4) gifts, grants, and donations to the fund.'''


'''(d) Money in the Fund shall be administered by the Comptroller. Money from the fund may be used, without further appropriation, only for the expansion of access to and adoption of broadband and telecommunications services, including: (1) the development, construction, reconstruction, and expansion of broadband and telecommunications infrastructure or services; (2) the operation of broadband and telecommunications infrastructure; (3) the provision of broadband and telecommunications services; and (4) the reasonable expenses of administering and managing the investments of the fund.'''
'''(d) Money in the Fund shall be administered by the Comptroller. Money from the fund may be used, without further appropriation, only for the expansion of access to and adoption of broadband and telecommunications services, including: (1) the development, construction, reconstruction, and expansion of broadband and telecommunications infrastructure or services; (2) the operation of broadband and telecommunications infrastructure; (3) the provision of broadband and telecommunications services; and (4) the reasonable expenses of administering and managing the investments of the fund.'''
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'''(h) Immediately before the expiration of this section, the Comptroller shall transfer any unexpended and unobligated balance remaining in the Fund to the General Revenue Fund.'''
'''(h) Immediately before the expiration of this section, the Comptroller shall transfer any unexpended and unobligated balance remaining in the Fund to the General Revenue Fund.'''


'''(i) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this constitution: (1) money in the 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 fund is treated as if it were an appropriation of revenues dedicated by this constitution.'''
'''(i) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the 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 fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''


''text of Article III, Section 49-d-16 proposed by Acts 2023, 88th Leg., R.S., S.J.R. No. 75''
''text of Article III, Section 49-d-16 proposed by Acts 2023, 88th Leg., R.S., S.J.R. No. 75''
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'''(f) The expenses of managing the investments of the Texas Water Fund shall be paid from that fund.'''
'''(f) The expenses of managing the investments of the Texas Water Fund shall be paid from that fund.'''


'''(g) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this constitution: (1) money in the Texas Water 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 Water Fund is treated as if it were an appropriation of revenues dedicated by this constitution.'''
'''(g) For purposes of Section [[Texas Constitution:Article VIII, Section 22|22]], Article VIII, of this Constitution: (1) money in the Texas Water 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 Water Fund is treated as if it were an appropriation of revenues dedicated by this Constitution.'''


'''(h) Any unexpended and unobligated balance remaining in the Texas Water Fund at the end of a state fiscal biennium is appropriated to the administrator of that fund for the following state fiscal biennium for the purposes authorized by this section.'''
'''(h) Any unexpended and unobligated balance remaining in the Texas Water Fund at the end of a state fiscal biennium is appropriated to the administrator of that fund for the following state fiscal biennium for the purposes authorized by this section.'''
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