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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 (c-1) to read as follows: |
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(c-1) This state is not liable for any debts or other |
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obligations of a retirement system described by Subsection (c) of |
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this section. The legislature may not appropriate money to a |
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retirement system described by Subsection (c) of this section to |
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pay any debts or other obligations of 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 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 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." |