Proposing a constitutional amendment to clarify references to the permanent school fund.
Impact
This bill aims to solidify the financial structure surrounding educational funding in the state. By providing clarity on taxation for lands within both the Veterans' Land Fund and the Permanent School Fund, it addresses potential ambiguities that could affect revenue generation for public schools. The amendment is intended to enhance the stability and predictability of funding for educational purposes in Texas, which can have lasting implications on the financial resources available to schools.
Summary
HJR114 is a joint resolution proposing a constitutional amendment aimed at clarifying references related to the Permanent School Fund in Texas. This amendment seeks to ensure that lands purchased under the Veterans' Land Fund are treated similarly to those dedicated to the Permanent School Fund regarding taxation. It stipulates that individual purchasers of the Veterans' Land Fund will be subject to the same taxation laws as those purchasing lands from the Permanent School Fund.
Contention
While the bill is generally viewed as a benign technical amendment, it may raise questions about the broader implications of taxing veterans purchasing lands from the fund. Some stakeholders may see this as an added financial burden on veterans, potentially detracting from the support these individuals receive for their service. Additionally, the clarity sought through this amendment may invite discussions regarding how funds from these sources are utilized and monitored, especially amid concerns about transparency and accounting in state financial operations.
Proposing a constitutional amendment dedicating to the national research university fund a portion of certain income from the lease for oil and gas exploration of land dedicated to the permanent university fund.
Proposing a constitutional amendment to entitle all component institutions of The Texas A&M University System and The University of Texas System to participate in the income and other benefits of the permanent university fund.
Proposing a constitutional amendment creating the state school safety fund to provide financial support for projects that enhance the safety of public schools in this state.
Proposing a constitutional amendment reducing The University of Texas System's share of the income and other benefits of the permanent university fund, transferring to the national research university fund and general revenue fund a portion of the annual distribution made from the permanent university fund to the available university fund, appropriating the portion transferred to the national research university fund, and dedicating the portion transferred to the general revenue fund to provide for the support and maintenance of public institutions of higher education.
Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment to set the salaries of members of the legislature and the lieutenant governor based on the average public school teacher salary in this state.