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TX HJR5
Joint Resolution
Status
4/29/2025
Primary Sponsor
Stan Lambert
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AI Summary
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Creates two new constitutionally established funds: the Permanent Technical Institution Infrastructure Fund and the Available Workforce Education Fund, to provide dedicated capital funding for Texas State Technical College System educational programs
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Appropriates $850 million from the general revenue fund to the Permanent Fund on January 1, 2026, as initial capitalization
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Allows annual distributions from the Permanent Fund to the Available Fund of up to 5.5% of the fund's fair market value, with distribution policy designed to preserve purchasing power over a rolling 10-year period
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Authorizes the TSTC Board of Regents to use Available Fund money for land acquisition, building construction and repair, capital equipment (including virtual/augmented reality and industrial equipment), library materials, and bond payments—but prohibits use for intercollegiate athletics or auxiliary enterprises
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Removes Texas State Technical College System and its campuses from eligibility for Higher Education Fund appropriations under Article VII Section 17, effective September 1, 2026, with the constitutional amendment going to voters on November 4, 2025
Legislative Description
Proposing a constitutional amendment providing for the creation of funds to support the capital needs of educational programs offered by the Texas State Technical College System and removing that system and its campuses from the annual appropriation of certain constitutionally dedicated funding for public institutions of higher education.
State Finances
Last Action
Left pending in committee
5/8/2025