By: Johnson of Dallas (Senate Sponsor - Hancock) H.J.R. No. 37

(In the Senate - Received from the House May 4, 2017; May 5, 2017, read first time and referred to Committee on Business & Commerce; May 17, 2017, reported favorably by the following vote: Yeas 8, Nays 0; May 17, 2017, sent to printer.) Click here to see the committee vote

HOUSE JOINT RESOLUTION

proposing a constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 47, Article III, Texas Constitution, is amended by adding Subsection (d-2) to read as follows:

(d-2) Subsection (a) of this section does not prohibit the legislature from authorizing credit unions and other financial institutions to conduct, under the terms and conditions imposed by general law, promotional activities to promote savings in which prizes are awarded to one or more of the credit union's or financial institution's depositors selected by lot.

SECTION 2. This proposed constitutional amendment shall be submitted to the voters at an election to be held November 7, 2017. The ballot shall be printed to permit voting for or against the proposition: "The constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings."

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