The amendment would establish in the Texas Constitution the Broadband Infrastructure Fund that would consist of money allocated by the state legislature, gifts and grants, and investment earnings of the fund to be used for the expansion of access to and adoption of broadband and telecommunications services. Money appropriated by the state legislature to the fund would be excluded from the state's appropriation limit.

The fund would be administered by the state comptroller. Money in the fund could be used in conjunction with federal funds or other state allocations for the purposes of the fund. The constitutional provision authorizing the fund would expire on September 1, 2035, unless extended by a concurrent resolution of the state legislature adopted by a two-thirds (66.67%) vote that would authorize the fund for another 10 years. If the fund expires, money remaining in the fund would be transferred to the state general fund.

The amendment would take effect on January 1, 2024.