88R12499 JAM-D     By: Johnson S.J.R. No. 77       A JOINT RESOLUTION   proposing a constitutional amendment creating the workforce   housing fund to facilitate the development of affordable workforce   housing.          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 grants and low-interest loans to municipalities 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:                (1)  money appropriated to the board for a purpose of   the fund;                (2)  repayment of principal and interest from loans   made from the fund;                (3)  money the board transfers to the fund from any   available source;                (4)  depository interest allocable to the fund and   other investment returns on money in the fund;                (5)  money from gifts, grants, or donations to the   fund; and                (6)  any other fees or sources of revenue that the   legislature may dedicate for deposit to the fund.          (c)  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.  The   legislature by general law may provide for costs of investment of   the workforce housing fund to be paid from that fund.          (d)  Money in the workforce housing fund is dedicated by this   constitution for purposes of Section 22, Article VIII, of this   constitution.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2023.   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."