78R5637 KSD-F

By:  Brimer                                                     S.J.R. No. 2  


A JOINT RESOLUTION
proposing a constitutional amendment authorizing a portion of the annual distribution from the permanent university fund to be appropriated to support certain institutions in The University of Texas System. BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 18(f), Article VII, Texas Constitution, is amended to read as follows: (f) Out of one-third of the annual distribution from the permanent university fund to the available university fund, there shall be appropriated an annual sum sufficient to pay the principal and interest due on the bonds and notes issued by the Board of Regents of The Texas A&M University System under this section and prior law, and the remainder of that one-third of the annual distribution to the available university fund shall be appropriated to the Board of Regents of The Texas A&M University System, which shall have the authority and duty in turn to appropriate an equitable portion of the same for the support and maintenance of The Texas A&M University System administration, Texas A&M University, and Prairie View A&M University. The Board of Regents of The Texas A&M University System, in making just and equitable appropriations to Texas A&M University and Prairie View A&M University, shall exercise its discretion with due regard to such criteria as the board may deem appropriate from year to year. Out of the other two-thirds of the annual distribution from the permanent university fund to the available university fund there shall be appropriated an annual sum sufficient to pay the principal and interest due on the bonds and notes issued by the Board of Regents of The University of Texas System under this section and prior law, and the remainder of such two-thirds of the annual distribution to the available university fund[,] shall be appropriated for the support and maintenance of The University of Texas at Austin and The University of Texas System administration, except that a portion of the remainder, not to exceed 20 percent of such two-thirds of the annual distribution from the permanent university fund to the available university fund, may be appropriated for the support and maintenance of The University of Texas at Arlington, The University of Texas at Dallas, The University of Texas at El Paso, The University of Texas of the Permian Basin, The University of Texas at San Antonio, and The University of Texas at Tyler. SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 4, 2003. The ballot shall be printed to provide for voting for or against the proposition: "The constitutional amendment authorizing a portion of the annual distribution from the permanent university fund to be appropriated to support The University of Texas at Arlington, The University of Texas at Dallas, The University of Texas at El Paso, The University of Texas of the Permian Basin, The University of Texas at San Antonio, and The University of Texas at Tyler."