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Senate Finance committee approves committee substitute to HJR7 to dedicate sales-tax revenue to Texas Water Fund
Summary
The Senate Committee on Finance voted 13-0 to report favorably a committee substitute to HJR7 that would dedicate a portion of state sales and use tax revenue to the Texas Water Fund and changes the structure and term of the dedication.
The Senate Committee on Finance voted 13-0 to report favorably a committee substitute to HJR7, a joint resolution that would propose a constitutional amendment dedicating a portion of revenue from state sales and use taxes to the Texas Water Fund. Sponsor Senator Perry told the committee the substitute makes several substantive changes to the version previously laid out.
Senator Perry said the substitute extends the length of the initial term from 16 years to 20 years and moves the method for allocating the dedicated funding for the initial term from the constitutional…
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