Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.

HJR 47 proposes a constitutional amendment to create the "Texas STRONG" defense fund, funded by 10% of annual severance tax revenues from oil and gas production. This fund would directly benefit communities significantly impacted by oil and gas activity, while other allocations include 38% to the economic stabilization fund, 1% each to oil/gas cleanup and emissions reduction accounts, and the remainder to the state highway fund. The bill mandates specific, automatic transfers from the general revenue fund to these designated accounts each fiscal year. It does not change production regulations but redirects existing revenue streams to address economic impacts on affected regions. This is a procedural constitutional amendment requiring voter approval after legislative passage.