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."