Proposing a constitutional amendment to dedicate a portion of the revenue derived from state sales and use taxes to the Texas water fund and to provide for the allocation and use of that revenue.
What changed between versions
Removed draft formatting artifacts and placeholder text from the Engrossed version to create the clean Enrolled text ready for signature.
Adjusted the expiration date for the comptroller's deposit duty from August 31, 2035 to August 31, 2047 to align with the new temporary provision timeline.
Changed the revenue threshold for the Texas water fund deposit from $48 billion to $46.5 billion to reflect updated tax revenue projections.
Added new subsections (e-1) and (e-2) to clarify that allocations can be suspended during declared disasters and that at least 25% of initial appropriations must go to the New Water Supply for Texas Fund.
Refined the definition of restricted funds to more clearly specify that money cannot be used for transporting non-brackish groundwater produced from wells in the state.