Bill Text: TX HJR143 | 2019-2020 | 86th Legislature | Engrossed
Bill Title: Proposing a constitutional amendment to authorize the legislature to vest the power to invest and manage certain public funds in certain officers, boards, and entities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed - Dead) 2019-04-29 - Referred to State Affairs [HJR143 Detail]
Download: Texas-2019-HJR143-Engrossed.html
| By: Bonnen of Galveston | H.J.R. No. 143 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to vest the power to invest and manage certain public funds in | ||
| certain officers, boards, and entities. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article III, Texas Constitution, is amended by | ||
| adding Section 63 to read as follows: | ||
| Sec. 63. Notwithstanding any other provision in this | ||
| constitution, the legislature by law may vest the power to invest | ||
| and manage any public funds, including funds established by this | ||
| constitution other than the fund established under Section 11, | ||
| Article VII, of this constitution, in any public officer of this | ||
| state, a board composed of public officers of this state, or an | ||
| entity that is governed by appointees of public officers of this | ||
| state. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 5, 2019. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize the | ||
| legislature to vest the power to invest and manage certain public | ||
| funds in public officers, boards composed of public officers, or | ||
| entities | ||
| governed by appointees of public officers." | ||
