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A JOINT RESOLUTION
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proposing a constitutional amendment to establish the Alamo |
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preservation fund and make a one-time transfer of money from the |
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economic stabilization fund to the Alamo preservation fund. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article III, Texas Constitution, is amended by |
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adding Section 49-q to read as follows: |
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Sec. 49-q. ALAMO PRESERVATION FUND. (a) The Alamo |
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preservation fund is a special fund in the state treasury outside |
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the general revenue fund. The comptroller shall credit to the Alamo |
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preservation fund the interest on and other earnings of the fund. |
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The legislature may appropriate money for deposit to the Alamo |
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preservation fund and by general law may provide for money or other |
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property to be deposited to the fund. |
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(b) Money may be spent from the fund, without the necessity |
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of legislative appropriation, as provided by general law and only |
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for the restoration, preservation, maintenance, operation, and |
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development of the Alamo and its surrounding property. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 84th Legislature, |
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Regular Session, 2015, to establish the Alamo preservation fund and |
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make a one-time transfer of money from the economic stabilization |
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fund to the Alamo preservation fund. |
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(b) On January 1, 2016, the comptroller of public accounts |
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shall transfer $250 million from the economic stabilization fund |
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established under Section 49-g, Article III, Texas Constitution, to |
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the Alamo preservation fund established under Section 49-q, Article |
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III, Texas Constitution. |
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(c) This temporary provision expires December 1, 2017. |
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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 3, 2015. |
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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 to establish the Alamo |
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preservation fund and make a one-time transfer of money from the |
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economic stabilization fund to the Alamo preservation fund." |