Bill Text: TX SJR56 | 2023-2024 | 88th Legislature | Comm Sub

Texas Senate Joint Resolution 56

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Proposing a constitutional amendment to raise the maximum allowable amount of money in the economic stabilization fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2023-04-28 - Referred to Appropriations [SJR56 Detail]

Download: Texas-2023-SJR56-Comm_Sub.html



	By: Schwertner	S.J.R. No. 56
	(In the Senate - Filed February 22, 2023; March 3, 2023,
	read first time and referred to Committee on Finance;
	April 17, 2023, reported adversely, with favorable Committee
	Substitute by the following vote: Yeas 17, Nays 0; April 17, 2023,
	sent to printer.)
Click here to see the committee vote

	COMMITTEE SUBSTITUTE FOR S.J.R. No. 56	By: Schwertner


	SENATE JOINT RESOLUTION


	proposing a constitutional amendment to raise the maximum allowable
	amount of money in the economic stabilization fund.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 49-g(g), Article III, Texas
	Constitution, is amended to read as follows:
	(g) During each fiscal biennium, the amount in the economic
	stabilization fund may not exceed an amount equal to 15 [10] percent
	of the total amount, excluding investment income, interest income,
	and amounts borrowed from special funds, deposited in general
	revenue during the preceding biennium.
	SECTION 2. This proposed constitutional amendment shall be
	submitted to the voters at an election to be held November 7, 2023.
	The ballot shall be printed to permit voting for or against the
	proposition: "The constitutional amendment to raise the maximum
	allowable amount of money in the economic stabilization fund."

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