1-1     By:  Ellis                                            S.J.R. No. 39

 1-2           (In the Senate - Filed March 13, 1997; March 24, 1997, read

 1-3     first time and referred to Committee on International Relations,

 1-4     Trade, and Technology; April 3, 1997, reported favorably by the

 1-5     following vote:  Yeas 8, Nays 0; April 3, 1997, sent to printer.)

 1-6                           SENATE JOINT RESOLUTION

 1-7     proposing a constitutional amendment allowing the Texas growth fund

 1-8     to continue to invest in businesses without requiring those

 1-9     businesses to disclose investments in South Africa or Namibia.

1-10           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:

1-11           SECTION 1.  Subsection (r), Section 70, Article XVI, of the

1-12     Texas Constitution is repealed.

1-13           SECTION 2.  This proposed constitutional amendment shall be

1-14     submitted to the voters at an election to be held November 4, 1997.

1-15     The ballot shall be printed to provide for voting for or against

1-16     the proposition:  "The constitutional amendment allowing the Texas

1-17     growth fund to continue to invest in businesses without requiring

1-18     those businesses to disclose investments in South Africa or

1-19     Namibia."

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