Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
Impact
If enacted, the Texas STRONG defense fund would serve as a financial resource for public health, safety concerns, and workforce preparedness in communities impacted by oil and gas extraction. The funds allocated could be utilized for grants to state agencies, educational institutions, and non-profit organizations to enhance public services and community strength in areas most affected by the industry. The amendment would thus potentially create a structured means to support growth and stability in these regions.
Summary
HJR47 proposes a constitutional amendment to establish the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund. This fund is dedicated to assist areas of Texas significantly affected by oil and gas production. Specifically, it outlines that certain general revenues will be allocated to this fund and other various accounts like the economic stabilization fund. The bill aims to create a dedicated source of revenue to support localities that are likely to experience economic fluctuations due to the volatile nature of the oil and gas industry.
Sentiment
Public sentiment surrounding HJR47 seems to be cautiously optimistic with a focus on economic resilience. Proponents believe the fund could significantly bolster local economies that depend on oil and gas, providing essential services and stabilization amidst economic fluctuations. However, there may also be skepticism about the long-term implications for funding priorities and the effectiveness of fund allocation to meet the needs of the communities it is designed to serve.
Contention
The primary contention revolves around how effectively funds from the Texas STRONG defense fund will be utilized. Critics may argue that reliance on funds from the oil and gas industry could perpetuate economic dependency on fossil fuels, potentially diverting attention away from diversifying local economies. Additionally, there is concern about the impact of revenue allocations and whether they adequately address immediate community needs vs. long-term planning.
Enabled by
Relating to the allocation of certain constitutional transfers of money to certain funds and accounts, including the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.
Identical
Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.
Relating to the allocation of certain constitutional transfers of money to certain funds and accounts, including the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.
Relating to the allocation of certain constitutional transfers of money to certain funds and accounts, including the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, and to the permissible uses of money deposited to the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund.
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.
Proposing a constitutional amendment dedicating certain general revenue that would otherwise be transferred to the economic stabilization fund to the Texas water fund.
Proposing a constitutional amendment establishing the property tax reduction fund to reduce school district maintenance and operations ad valorem taxes and dedicating certain unencumbered general revenue and certain general revenue that would otherwise be transferred to the economic stabilization fund to that fund.
Proposing a constitutional amendment providing for the creation of the property tax reduction fund and dedicating certain surplus state revenue to the fund.
Proposing a constitutional amendment dedicating certain general revenue that would otherwise be transferred to the economic stabilization fund to reducing school district maintenance and operations ad valorem taxes.
Relating to the allocation of certain constitutional transfers of money to the economic stabilization fund, the state highway fund, and the Grow Texas fund and to the permissible uses of money deposited to the Grow Texas fund.
Modifies collective Statewide transfer agreement and reverse transfer agreement; establishes New Jersey Transfer Ombudsperson within Office of Secretary of Higher Education.
Modifies collective statewide transfer agreement and reverse transfer agreement; establishes New Jersey Transfer Ombudsperson within Office of Secretary of Higher Education.