By: Schwertner S.J.R. No. 56
SENATE JOINT RESOLUTION
proposing a constitutional amendment to raise the maximum allowable
amount of money in the economic stabilization fund.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-g(g), Article III, Texas
Constitution, is amended to read as follows:
(g) During each fiscal biennium, the amount in the economic
stabilization fund may not exceed an amount equal to 15 [10] percent
of the total amount, excluding investment income, interest income,
and amounts borrowed from special funds, deposited in general
revenue during the preceding biennium.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2023.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to raise the maximum
allowable amount of money in the economic stabilization fund."