Bill Text: TX HJR37 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
Spectrum: Bipartisan Bill
Status: (Enrolled - Dead) 2017-05-24 - Filed with the Secretary of State [HJR37 Detail]
Download: Texas-2017-HJR37-Introduced.html
Bill Title: Proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
Spectrum: Bipartisan Bill
Status: (Enrolled - Dead) 2017-05-24 - Filed with the Secretary of State [HJR37 Detail]
Download: Texas-2017-HJR37-Introduced.html
85R4673 EES-D | ||
By: Johnson of Dallas | H.J.R. No. 37 |
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proposing a constitutional amendment relating to legislative | ||
authority to permit credit unions and other financial institutions | ||
to award prizes by lot to promote savings. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 47, Article III, Texas Constitution, is | ||
amended by adding Subsection (d-2) to read as follows: | ||
(d-2) Subsection (a) of this section does not prohibit the | ||
legislature from authorizing credit unions and other financial | ||
institutions to conduct, under the terms and conditions imposed by | ||
general law, promotional activities to promote savings in which | ||
prizes are awarded to one or more of the credit union's or financial | ||
institution's depositors selected by lot. | ||
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 relating to legislative | ||
authority to permit credit unions and other financial institutions | ||
to award prizes by lot to promote savings." |