By Turner of Harris H.J.R. No. 89
74R6646 RJA-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment authorizing the interest on
1-2 certain special constitutional accounts to be credited to the
1-3 general revenue fund.
1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 7, Article VIII, Texas Constitution, is
1-6 amended to read as follows:
1-7 Sec. 7. (a) The Legislature shall not have power to borrow,
1-8 or, except as provided by Subsection (b) of this section, in any
1-9 manner divert from its purpose, any special fund that may, or ought
1-10 to, come into the Treasury; and shall make it penal for any person
1-11 or persons to borrow, withhold or in any manner to divert from its
1-12 purpose any special fund, or any part thereof.
1-13 (b) Notwithstanding any other provision of this
1-14 constitution, the Legislature may provide for the allocation of
1-15 interest that accrues to a special fund or account to be credited
1-16 to the special fund or account or to the general revenue fund.
1-17 (c) Subsection (b) of this section does not apply to
1-18 interest that accrues to a special fund or account established to
1-19 benefit the public schools, public institutions of higher
1-20 education, or the students at those schools or institutions.
1-21 SECTION 2. The following temporary provision is added to the
1-22 Texas Constitution:
1-23 TEMPORARY PROVISION. (a) This temporary provision applies
1-24 to the constitutional amendment proposed by the 74th Legislature,
2-1 Regular Session, 1995, authorizing the legislature to allocate
2-2 interest from certain special funds or accounts to the general
2-3 revenue fund.
2-4 (b) The amendment takes effect January 1, 1996.
2-5 (c) This temporary provision expires January 2, 1996.
2-6 SECTION 3. The proposed constitutional amendment shall be
2-7 submitted to the voters at an election to be held on November 7,
2-8 1995. The ballot shall be printed to provide for voting for or
2-9 against the proposition: "The constitutional amendment granting
2-10 the legislature the authority to deposit interest accruing to
2-11 constitutional special funds or accounts to the credit of the
2-12 general revenue fund to be used for general governmental purposes."