87R11784 KEL-D
By: Muñoz, Jr. H.J.R. No. 137
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to specify the manner in which certain amounts distributed from the
permanent university fund to the available university fund are
allocated or used.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 18, Article VII, Texas Constitution, is
amended by adding Subsection (f-1) to read as follows:
(f-1) This subsection applies to the annual distributions
to the available university fund that are available for
appropriation by the board of regents of The University of Texas
System or The Texas A&M University System under Subsection (f) of
this section, other than the annual sum sufficient to pay the
principal and interest due on the bonds and notes described by
Subsection (f). Notwithstanding Subsection (f) of this section,
the legislature by general law or in an appropriation act for the
appropriate fiscal year may specify the manner in which the portion
of the annual distribution to which this subsection applies may be
allocated to or used by the applicable board of regents as the
legislature determines to be in the best interests of the
applicable university system.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 2, 2021.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to specify the manner in which certain amounts
distributed from the permanent university fund to the available
university fund are allocated or used."