HJR 76 proposes a constitutional amendment to allocate certain surplus revenues for the purpose of reducing school district bond debt. Specifically, it appropriates half of the general revenue surplus and half of the Economic Stabilization Fund's balance as of September 1, 2025, to the Texas Education Agency. The funds would be distributed to school districts proportionally based on student enrollment, prioritizing debt service on bonds with the highest interest rates. School districts receiving funds would face a 10-year restriction on issuing new bonds supported by ad valorem taxes​.