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 - Dead) 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 | |
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| 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." | ||
