By Junell                                             H.J.R. No. 64
         77R1043 JSA-D                           
                                 A JOINT RESOLUTION
 1-1     proposing a constitutional amendment relating to the allocation of
 1-2     the constitutional appropriation to certain institutions of higher
 1-3     education not entitled to participate in funding from the available
 1-4     university fund.
 1-5           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-6           SECTION 1.  Section 17, Article VII, Texas Constitution, is
 1-7     amended by amending Subsection (d) and adding Subsection (d-2) to
 1-8     read as follows:
 1-9           (d)  In the year 1985 and every 10 years thereafter, the
1-10     legislature or an agency designated by the legislature no later
1-11     than August 31 of such year shall allocate by equitable formula the
1-12     annual appropriations made under Subsection (a)  of this section to
1-13     the governing boards of eligible agencies and institutions of
1-14     higher education.  The legislature shall review, or provide for a
1-15     review[,] of, the allocation formula at the end of the fifth year
1-16     of each 10-year allocation period.  At that time adjustments may be
1-17     made in the allocation formula. Notwithstanding Subsection (e) of
1-18     this section, an adjustment in the allocation formula is not
1-19     invalid even though under the adjusted allocation more than 50
1-20     percent of the money allocated to a governing board must be used to
1-21     pay the principal and interest of outstanding bonds or notes, but
1-22     no adjustment may be made that will prevent the payment of
1-23     outstanding bonds and notes, both principal and interest[, may be
1-24     made].
 2-1           (d-2)  The allocation adjustments made under Subsection (d)
 2-2     of this section by Section 1.03, Chapter 1467, Acts of the 76th
 2-3     Legislature, Regular Session, 1999, are validated.  This subsection
 2-4     expires January 1, 2006.
 2-5           SECTION 2.  This proposed constitutional amendment shall be
 2-6     submitted to the voters at an election to be held November 6, 2001.
 2-7     The ballot shall be printed to permit voting for or against the
 2-8     proposition: "The constitutional amendment to clarify the authority
 2-9     of the legislature to adjust the allocation of money appropriated
2-10     by the constitution to certain institutions of higher education for
2-11     capital improvements and related purposes."