Bill Text: TX SJR56 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Proposing a constitutional amendment regarding a transfer of money from the economic stabilization fund to the permanent fund supporting military and veterans exemptions to fund tuition and fee exemptions for children of veterans.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-22 - Referred to Finance [SJR56 Detail]
Download: Texas-2017-SJR56-Introduced.html
| 85R13119 JRJ-D | ||
| By: Menéndez | S.J.R. No. 56 | |
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| proposing a constitutional amendment regarding a transfer of money | ||
| from the economic stabilization fund to the permanent fund | ||
| supporting military and veterans exemptions to fund tuition and fee | ||
| exemptions for children of veterans. | ||
| 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 (p) to read as follows: | ||
| (p) Not later than the 30th day after the effective date of | ||
| this provision, the comptroller shall transfer $400 million from | ||
| the economic stabilization fund to the permanent fund supporting | ||
| military and veterans exemptions. The transferred amount shall be | ||
| held in the permanent fund supporting military and veterans | ||
| exemptions and any interest or other earnings attributable to that | ||
| amount shall be credited to the permanent fund supporting military | ||
| and veterans exemptions as amounts available to be appropriated to | ||
| offset the cost to public institutions of higher education of | ||
| providing tuition and fee exemptions to children of veterans as | ||
| provided by general law. | ||
| SECTION 2. 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 providing for the | ||
| transfer of $400 million from the economic stabilization fund to | ||
| the permanent fund supporting military and veterans exemptions to | ||
| fund tuition and fee exemptions for children of veterans." | ||
