Proposing a constitutional amendment to clarify references to the permanent school fund, to allow the General Land Office to distribute revenue derived from permanent school fund land or other properties to the available school fund, and to provide for an increase in the market value of the permanent school fund for the purpose of allowing increased distributions from the available school fund.
Impact
If enacted, this amendment would alter the management and distribution mechanisms of the permanent school fund. By allowing the General Land Office wider discretion in distributing up to $300 million each year from land revenues, the amendment is expected to provide additional financial resources to the available school fund. This increased funding could enhance educational funding and resources available to schools across Texas.
Summary
SJR5 proposes a constitutional amendment to clarify references to the permanent school fund, enabling the General Land Office to distribute revenue derived from permanent school fund land and other properties to the available school fund. This amendment aims to increase the market value of the permanent school fund, thereby allowing larger distributions to support public education in Texas.
Contention
Discussions surrounding SJR5 may highlight potential points of contention, particularly regarding the control and management of the permanent school fund. Some stakeholders may be concerned about the implications of the General Land Office's increased authority to distribute funds, fearing it could lead to mismanagement or inequitable distributions across different school districts. As public education funding is a critical issue statewide, varying opinions on the adequacy and fairness of the proposed changes could spark debates within legislative sessions.
Similar
Proposing a constitutional amendment to clarify references to the permanent school fund, to allow the General Land Office to distribute revenue derived from permanent school fund land or other properties to the available school fund, and to provide for an increase in the market value of the permanent school fund for the purpose of allowing increased distributions from the available school fund.
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 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 creating the state school safety fund to provide ongoing financial support for projects that ensure the safety of public schools in this state and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and the state highway 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 to appropriate money from the general revenue fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.
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 providing for the creation of and use of money in the Grow Texas fund and allocating certain general revenues to that fund, the economic stabilization fund, and the state highway fund.
Proposing a constitutional amendment providing for the creation of the Texas legacy fund and the Texas legacy distribution fund, dedicating the Texas legacy distribution fund to certain state infrastructure projects or the reduction of certain long-term obligations, and providing for the transfer of certain general revenues to the economic stabilization fund, the Texas legacy fund, and the state highway fund.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.