By: Bonnen of Galveston H.J.R. No. 143
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to vest the power to invest and manage certain public funds in
certain officers, boards, and entities.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 63 to read as follows:
Sec. 63. Notwithstanding any other provision in this
constitution, the legislature by law may vest the power to invest
and manage any public funds, including funds established by this
constitution other than the fund established under Section 11,
Article VII, of this constitution, in any public officer of this
state, a board composed of public officers of this state, or an
entity that is governed by appointees of public officers of this
state.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to vest the power to invest and manage certain public
funds in public officers, boards composed of public officers, or
entities
governed by appointees of public officers."