| 2 | | - | SENATE JOINT RESOLUTION |
|---|
| 2 | + | (In the Senate - Filed March 14, 2025; March 17, 2025, read |
|---|
| 3 | + | first time and referred to Committee on Finance; April 3, 2025, |
|---|
| 4 | + | reported adversely, with favorable Committee Substitute by the |
|---|
| 5 | + | following vote: Yeas 14, Nays 0, one present not voting; |
|---|
| 6 | + | April 3, 2025, sent to printer.) |
|---|
| 7 | + | Click here to see the committee vote |
|---|
| 8 | + | COMMITTEE SUBSTITUTE FOR S.J.R. No. 4 By: Schwertner |
|---|
| 7 | 12 | | proposing a constitutional amendment providing for the maximum |
|---|
| 8 | 13 | | amount of money allowable in the economic stabilization fund. |
|---|
| 9 | 14 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 10 | 15 | | SECTION 1. Section 49-g(g), Article III, Texas |
|---|
| 11 | 16 | | Constitution, is amended to read as follows: |
|---|
| 12 | 17 | | (g) During each fiscal biennium, the amount in the economic |
|---|
| 13 | 18 | | stabilization fund may not exceed an amount equal to 15 [10] percent |
|---|
| 14 | 19 | | of the total amount, excluding investment income, interest income, |
|---|
| 15 | 20 | | and amounts borrowed from special funds, deposited in general |
|---|
| 16 | 21 | | revenue during the preceding biennium. |
|---|
| 17 | 22 | | SECTION 2. The following temporary provision is added to |
|---|
| 18 | 23 | | the Texas Constitution: |
|---|
| 19 | 24 | | TEMPORARY PROVISION. (a) This temporary provision applies |
|---|
| 20 | 25 | | to the constitutional amendment proposed by the 89th Legislature, |
|---|
| 21 | 26 | | Regular Session, 2025, providing for the maximum amount of money |
|---|
| 22 | 27 | | allowable in the economic stabilization fund. |
|---|
| 23 | 28 | | (b) The amendment to Section 49-g, Article III, of this |
|---|