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A JOINT RESOLUTION
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proposing a constitutional amendment prohibiting the use of state |
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funds to pay for the obligations of a local public retirement |
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system. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 67, Article XVI, Texas Constitution, is |
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amended by adding Subsection (f-1) to read as follows: |
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(f-1) This state is not liable for any debts or other |
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obligations of a retirement system described by Subsection (f), and |
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the legislature may not appropriate money to a retirement system |
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described by Subsection (f) to pay any debts or other obligations of |
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the retirement system. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 8, 2011. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment prohibiting the |
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legislature from appropriating state money to a local public |
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retirement system to pay any debts or other obligations of the |
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retirement system." |