85R13119 JRJ-D
By: Menéndez S.J.R. No. 56
A JOINT RESOLUTION
proposing a constitutional amendment regarding a transfer of money
from the economic stabilization fund to the permanent fund
supporting military and veterans exemptions to fund tuition and fee
exemptions for children of veterans.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-g, Article III, Texas Constitution,
is amended by adding Subsection (p) to read as follows:
(p) Not later than the 30th day after the effective date of
this provision, the comptroller shall transfer $400 million from
the economic stabilization fund to the permanent fund supporting
military and veterans exemptions. The transferred amount shall be
held in the permanent fund supporting military and veterans
exemptions and any interest or other earnings attributable to that
amount shall be credited to the permanent fund supporting military
and veterans exemptions as amounts available to be appropriated to
offset the cost to public institutions of higher education of
providing tuition and fee exemptions to children of veterans as
provided by general law.
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 providing for the
transfer of $400 million from the economic stabilization fund to
the permanent fund supporting military and veterans exemptions to
fund tuition and fee exemptions for children of veterans."