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A JOINT RESOLUTION
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proposing a constitutional amendment regarding a transfer of money |
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from the economic stabilization fund to the permanent fund |
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supporting military and veterans exemptions to fund tuition and fee |
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exemptions for children of veterans. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49-g, Article III, Texas Constitution, |
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is amended by adding Subsection (p) to read as follows: |
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(p) Not later than the 30th day after the effective date of |
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this provision, the comptroller shall transfer $400 million from |
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the economic stabilization fund to the permanent fund supporting |
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military and veterans exemptions. The transferred amount shall be |
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held in the permanent fund supporting military and veterans |
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exemptions and any interest or other earnings attributable to that |
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amount shall be credited to the permanent fund supporting military |
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and veterans exemptions as amounts available to be appropriated to |
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offset the cost to public institutions of higher education of |
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providing tuition and fee exemptions to children of veterans as |
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provided by general law. |
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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 providing for the |
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transfer of $400 million from the economic stabilization fund to |
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the permanent fund supporting military and veterans exemptions to |
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fund tuition and fee exemptions for children of veterans." |