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A JOINT RESOLUTION
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proposing a constitutional amendment relating to legislative |
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authority to permit credit unions and other financial institutions |
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to award prizes by lot to promote savings. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 47, Article III, Texas Constitution, is |
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amended by adding Subsection (d-2) to read as follows: |
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(d-2) Subsection (a) of this section does not prohibit the |
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legislature from authorizing credit unions and other financial |
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institutions to conduct, under the terms and conditions imposed by |
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general law, promotional activities to promote savings in which |
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prizes are awarded to one or more of the credit union's or financial |
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institution's depositors selected by lot. |
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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 7, 2017. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment relating to legislative |
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authority to permit credit unions and other financial institutions |
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to award prizes by lot to promote savings." |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.J.R. No. 37 was passed by the House on May 3, |
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2017, by the following vote: Yeas 141, Nays 0, 1 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.J.R. No. 37 was passed by the Senate on May |
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19, 2017, by the following vote: Yeas 30, Nays 1. |
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______________________________ |
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Secretary of the Senate |
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RECEIVED: _____________________ |
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Date |
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_____________________ |
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Secretary of State |