TX
Texas House Bill HJR143

Texas 2019 - 86th Regular

Texas House Bill HJR143 Compare Versions

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11 By: Bonnen of Galveston H.J.R. No. 143
22
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44 A JOINT RESOLUTION
55 proposing a constitutional amendment to authorize the legislature
66 to vest the power to invest and manage certain public funds in
77 certain officers, boards, and entities.
88 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
99 SECTION 1. Article III, Texas Constitution, is amended by
10- adding Section 63 to read as follows:
11- Sec. 63. Notwithstanding any other provision in this
12- constitution, the legislature by law may vest the power to invest
13- and manage any public funds, including funds established by this
14- constitution other than the fund established under Section 11,
15- Article VII, of this constitution, in any public officer of this
16- state, a board composed of public officers of this state, or an
17- entity that is governed by appointees of public officers of this
18- state.
10+ adding a new Section 63 to read as follows:
11+ Sec. 63. INVESTMENT AND MANAGEMENT OF PUBLIC FUNDS.
12+ Notwithstanding any other provision in this constitution, the
13+ legislature by law may vest the power to invest and manage any
14+ public funds, including funds established by this constitution
15+ other than the fund established under Article VII, Section 11, in
16+ any public officer of this state, a board composed of public
17+ officers of this state, or an entity that is governed by appointees
18+ of public officers of this state.
1919 SECTION 2. This proposed constitutional amendment shall be
2020 submitted to the voters at an election to be held November 5, 2019.
2121 The ballot shall be printed to permit voting for or against the
2222 proposition: "The constitutional amendment to authorize the
2323 legislature to vest the power to invest and manage certain public
2424 funds in public officers, boards composed of public officers, or
25- entities
26- governed by appointees of public officers."
25+ an
26+ entity that is governed by appointees of public officers.