State Representative Gina Hinojosa, the Democratic nominee for governor, has proposed a plan to send $1,500 to every Texas household. This plan would be funded by the state's rainy day fund. Hinojosa's campaign estimates the cost of this one-time rebate program to be $17 billion.

The plan is part of Hinojosa's bid to defeat Governor Greg Abbott in the upcoming election. Further details about the proposal are available from the source.

The Economic Stabilization Fund, also known as the rainy day fund, serves as a state savings account and would be the source of the funding for this plan.