Bill Text: TX HJR53 | 2017 | 85th Legislature 1st Special Session | Introduced


Bill Title: Proposing a constitutional amendment transferring certain surplus state revenue in the economic stabilization fund and dedicating that revenue to public education.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2017-08-07 - Left pending in committee [HJR53 Detail]

Download: Texas-2017-HJR53-Introduced.html
  85S12188 MK-D
 
  By: Huberty H.J.R. No. 53
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment transferring certain surplus
  state revenue in the economic stabilization fund and dedicating
  that revenue to public education.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 49-g, Article III, Texas Constitution,
  is amended by adding Subsection (j-1) to read as follows:
         (j-1)  On the 91st day of each state fiscal year, the
  comptroller shall determine the total unencumbered balance of the
  economic stabilization fund. If on that date the unencumbered
  balance of the fund exceeds $10 billion, the comptroller shall
  immediately transfer the amount in excess of $10 billion from the
  fund to the credit of the foundation school fund in the general
  revenue fund in the state treasury or to a successor fund or account
  in the state treasury. Money transferred under this subsection may
  be appropriated only to provide for the support and maintenance of
  an efficient system of public free schools.
         SECTION 2.  The following temporary provision is added to
  the Texas Constitution:
         TEMPORARY PROVISION. (a) This temporary provision applies
  to the constitutional amendment proposed by the 85th Legislature,
  1st Called Session, 2017, transferring certain surplus state
  revenue in the economic stabilization fund and dedicating that
  revenue to public education.
         (b)  Section 49-g(j-1), Article III, of this constitution,
  as added by the amendment, applies beginning with the state fiscal
  year that begins September 1, 2018.
         (c)  This temporary provision expires January 1, 2020.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2017.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment transferring certain
  surplus state revenue in the economic stabilization fund and
  dedicating that revenue to public education."
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