| 1 | 1 | | 25 LC 55 0545 |
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| 2 | 2 | | House Resolution 396 |
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| 3 | 3 | | By: Representatives Campbell of the 35 |
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| 4 | 4 | | th |
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| 5 | 5 | | , Hugley of the 141 |
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| 6 | 6 | | st |
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| 7 | 7 | | , Miller of the 62 |
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| 8 | 8 | | nd |
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| 9 | 9 | | , Glaize of |
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| 10 | 10 | | the 67 |
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| 11 | 11 | | th |
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| 12 | 12 | | , Howard of the 129 |
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| 13 | 13 | | th |
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| 14 | 14 | | , and others |
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| 15 | 15 | | A RESOLUTION |
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| 16 | 16 | | Proposing an amendment to the Constitution so as to authorize the General Assembly to |
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| 17 | 17 | | 1 |
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| 18 | 18 | | provide by law for the creation of the Georgia's Children First Trust Fund; to provide for the2 |
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| 19 | 19 | | appropriation of moneys into such fund, including a one-time appropriation from the3 |
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| 20 | 20 | | Revenue Shortfall Reserve; to provide that moneys appropriated into such fund shall not4 |
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| 21 | 21 | | lapse and shall be used to provide scholarships, grants, or other forms of financial assistance5 |
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| 22 | 22 | | for child care services; to provide for the investment and reinvestment of a portion of the6 |
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| 23 | 23 | | moneys appropriated into such fund; to provide that returns on such investments shall be7 |
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| 24 | 24 | | used for financial assistance for child care services; to provide for related matters; to provide8 |
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| 25 | 25 | | for the submission of this amendment for ratification or rejection; and for other purposes.9 |
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| 26 | 26 | | BE IT RESOLVED BY THE GENERAL ASSEMBLY OF GEORGIA:10 |
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| 27 | 27 | | SECTION 1.11 |
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| 28 | 28 | | Article III, Section IX, Paragraph VI of the Constitution is amended by adding a new12 |
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| 29 | 29 | | subparagraph to read as follows:13 |
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| 30 | 30 | | "(s) The General Assembly is authorized to provide by law for the creation of the |
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| 31 | 31 | | 14 |
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| 32 | 32 | | Georgia's Children First Trust Fund for the purpose of providing, in accordance with the15 |
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| 33 | 33 | | provisions of this subparagraph, financial assistance for child care services in this state. 16 |
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| 34 | 34 | | Upon the creation of the Georgia's Children First Trust Fund, the General Assembly shall17 |
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| 35 | 35 | | H. R. 396 |
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| 36 | 36 | | - 1 - 25 LC 55 0545 |
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| 37 | 37 | | make a one-time appropriation in the amount of $3 billion into such fund, which shall be18 |
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| 38 | 38 | | appropriated from the Revenue Shortfall Reserve. The General Assembly shall be19 |
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| 39 | 39 | | authorized, but not required, to appropriate additional amounts into such fund. All moneys20 |
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| 40 | 40 | | appropriated into the Georgia's Children First Trust Fund shall not be subject to the21 |
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| 41 | 41 | | provisions of Article III, Section IX, Paragraph IV(c), relating to the lapsing of funds, and22 |
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| 42 | 42 | | shall be used to provide scholarships, grants, or other forms of financial assistance for child23 |
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| 43 | 43 | | care services in this state; provided, however, that a portion of the moneys appropriated to24 |
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| 44 | 44 | | the Georgia's Children First Trust Fund shall be invested and reinvested in a manner as25 |
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| 45 | 45 | | provided by law. Moneys received from returns on such investments and reinvestments26 |
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| 46 | 46 | | shall be deposited into the Georgia's Children First Trust Fund and shall be used to provide27 |
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| 47 | 47 | | scholarships, grants, or other forms of financial assistance for child care services in this28 |
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| 48 | 48 | | state. The General Assembly shall be authorized to provide by law for any matters relating29 |
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| 49 | 49 | | to the purpose or provisions of this subparagraph."30 |
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| 50 | 50 | | SECTION 2.31 |
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| 51 | 51 | | The above proposed amendment to the Constitution shall be published and submitted as32 |
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| 52 | 52 | | provided in Article X, Section I, Paragraph II of the Constitution. The ballot submitting the33 |
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| 53 | 53 | | above proposed amendment shall have written or printed thereon the following:34 |
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| 54 | 54 | | "( ) YES35 |
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| 55 | 55 | | 36 |
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| 56 | 56 | | ( ) NO37 |
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| 57 | 57 | | 38 |
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| 58 | 58 | | Shall the Constitution of Georgia be amended so as to authorize the General |
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| 59 | 59 | | Assembly to use a portion of the state's historic, multiyear revenue surplus |
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| 60 | 60 | | to create a self-sustaining Georgia's Children First Trust Fund for the |
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| 61 | 61 | | purpose of providing access to child care services in this state?" |
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| 62 | 62 | | All persons desiring to vote in favor of ratifying the proposed amendment shall vote "Yes." |
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| 63 | 63 | | 39 |
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| 64 | 64 | | All persons desiring to vote against ratifying the proposed amendment shall vote "No." If40 |
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| 65 | 65 | | such amendment shall be ratified as provided in said Paragraph of the Constitution, it shall41 |
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| 66 | 66 | | become a part of the Constitution of this state.42 |
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| 67 | 67 | | H. R. 396 |
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| 68 | 68 | | - 2 - |
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