89R18293 JAM-D     By: Johnson S.J.R. No. 75       A JOINT RESOLUTION   proposing a constitutional amendment creating the workforce   housing fund to facilitate the development of affordable workforce   housing and transferring to that fund $2 billion from state general   revenue.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article III, Texas Constitution, is amended by   adding Section 68 to read as follows:          Sec. 68.  (a)  The workforce housing fund is created as a   special fund in the state treasury.  Money in the fund may be used   only to provide low-interest loans to developers for the purposes   of facilitating the development of affordable workforce housing.   The fund shall be administered by the Texas Department of Housing   and Community Affairs or that department's successor in function.          (b)  The fund consists of money transferred to the fund under   this section.          (c)  The repayment of principal and interest from loans made   from the fund shall be deposited to the credit of the general   revenue fund.          (c-1)  On January 1, 2026, the comptroller shall transfer $2   billion from this state's general revenue fund to the workforce   housing fund. The transfer made under this subsection is not an   appropriation of state tax revenues for the purposes of Section 22,   Article VIII, of this constitution. This subsection expires   January 1, 2029.          (d)  The reasonable expenses of managing the assets of the   workforce housing fund shall be paid from the fund.          (e)  The legislature by general law shall provide for the   manner in which the assets of the workforce housing fund may be   used, subject to the limitations provided by this section.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 4, 2025.   The ballot shall be printed to provide for voting for or against the   proposition: "The constitutional amendment creating the workforce   housing fund to facilitate the development of affordable workforce   housing and transferring to that fund $2 billion from state general   revenue."