By Ogden S.J.R. No. 31 75R4717 JSA-D A JOINT RESOLUTION 1-1 proposing a constitutional amendment to provide that certain 1-2 amounts designated for deposit to the economic stabilization fund 1-3 be transferred to the higher education fund. 1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 49-g, Article III, Texas Constitution, as 1-6 proposed by H.J.R. No. 2, 70th Legislature, Regular Session, 1987, 1-7 is amended by adding Subsection (p) to read as follows: 1-8 (p) Notwithstanding Subsections (b), (c), (d), and (e) of 1-9 this section, until the amount in the higher education fund 1-10 established under Section 17(i), Article VII, of this constitution 1-11 first reaches $2 billion, the comptroller shall deposit in the 1-12 higher education fund the amounts otherwise required by Subsections 1-13 (b), (c), (d), and (e) of this section to be transferred to the 1-14 economic stabilization fund. This subsection applies to the 1-15 transfer under Subsection (b) of this section for the state fiscal 1-16 biennium beginning September 1, 1997, if that transfer has not been 1-17 made when this subsection takes effect. 1-18 SECTION 2. This proposed constitutional amendment shall be 1-19 submitted to the voters at an election to be held on November 4, 1-20 1997. The ballot shall be printed to provide for voting for or 1-21 against the following proposition: "The constitutional amendment to 1-22 deposit certain excess state revenue into the higher education fund 1-23 to provide a permanent source of funding for facilities at certain 1-24 state institutions of higher education."