Proposing a constitutional amendment providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.

HJR 35 is a constitutional amendment proposal that would establish the "Grow Texas Fund" and restructure how certain state revenues are allocated. It requires the comptroller to transfer funds from the general revenue fund to three designated accounts: the Economic Stabilization Fund (50%), the State Highway Fund (the remainder), and the new Grow Texas Fund. Specifically, 12% of the amount designated for the Economic Stabilization Fund would be redirected to the Grow Texas Fund, capped at $250 million per state fiscal biennium. This amendment, adopted by the Texas legislature on May 12, 2025, must now be approved by voters to take effect.