Article III, § 49-d-14 — FLOOD INFRASTRUCTURE FUND

(Proposed by Acts 2019, 86th Leg., R.S., H.J.R. 4.) (a) The flood infrastructure fund is created as a special fund in the state treasury outside the general revenue fund. (b) As provided by general law, money in the flood infrastructure fund may be administered and used, without further appropriation, by the Texas Water Development Board or that board’s successor in function to provide financing for a drainage, flood mitigation, or flood control project, including: (1) planning and design activities; (2) work to obtain regulatory approval to provide nonstructural and structural flood mitigation and drainage; or (3) construction of structural flood mitigation and drainage infrastructure. (c) Separate accounts may be established in the flood infrastructure fund as necessary to administer the fund or authorized projects.