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A JOINT RESOLUTION
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proposing a constitutional amendment to require the comptroller of |
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public accounts to make a state revenue report after the first year |
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of a state fiscal biennium and the governor to call a special |
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session of the legislature if actual state revenue for that fiscal |
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year was at least five percent less than projected revenue. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49a(a), Article III, Texas Constitution, |
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is amended to read as follows: |
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(a) It shall be the duty of the Comptroller of Public |
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Accounts in advance of each Regular Session of the Legislature to |
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prepare and submit to the Governor and to the Legislature upon its |
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convening a statement under oath showing fully the financial |
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condition of the State Treasury at the close of the last fiscal |
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period and an estimate of the probable receipts and disbursements |
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for the then current fiscal year. There shall also be contained in |
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said statement an itemized estimate of the anticipated revenue |
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based on the laws then in effect that will be received by and for the |
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State from all sources showing the fund accounts to be credited |
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during each fiscal year of the succeeding biennium and said |
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statement shall contain such other information as may be required |
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by law. Supplemental statements shall be submitted at any Special |
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Session of the Legislature, and at such other times as may be |
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necessary to show probable changes. Not later than September 10 of |
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each even-numbered year, the Comptroller shall prepare and submit |
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to the Governor and the Legislature a statement under oath showing |
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fully the condition of the State Treasury, including actual revenue |
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received by and for the State from all sources, during the first |
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year of the current fiscal biennium. |
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SECTION 2. Section 8, Article IV, Texas Constitution, is |
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amended by adding Subsection (c) to read as follows: |
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(c) The governor shall immediately convene the legislature |
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in special session if, according to the comptroller's statement |
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prepared immediately after the end of the first year of the current |
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fiscal biennium under Section 49a, Article III, of this |
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constitution, actual revenue received by and for the state from all |
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sources during that year was at least five percent less than the |
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revenue that was anticipated by the comptroller to be received for |
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that fiscal year according to the last statement submitted to the |
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governor and legislature before the beginning of that fiscal year |
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under Section 49a, Article III. The legislature may consider any |
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state fiscal matter, including appropriations or taxation, at that |
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special session. |
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SECTION 3. 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 provide for voting for or against the |
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proposition: "The constitutional amendment requiring the |
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comptroller of public accounts to make state revenue projections |
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after the first fiscal year of a state biennium and the governor to |
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call a special session of the legislature if actual revenue for that |
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fiscal year was at least five percent less than projected revenue." |