HJR 4 proposes a constitutional amendment creating the flood infrastructure fund as a special fund in the state treasury, using money appropriated from the economic stabilization fund. The flood infrastructure fund would provide additional resources to implement plans to mitigate flood damage. The proposed amendment would authorize the Texas Water Development Board to use money in the flood infrastructure fund for drainage, flood mitigation, or flood control projects. The proposed amendment also would authorize
the creation of separate accounts in the flood infrastructure fund as necessary to administer the fund or authorized projects.