85R13119 JRJ-D

By: Menéndez S.J.R. No. 56

A JOINT RESOLUTION

proposing a constitutional amendment regarding a transfer of money from the economic stabilization fund to the permanent fund supporting military and veterans exemptions to fund tuition and fee exemptions for children of veterans.

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

SECTION 1. Section 49-g, Article III, Texas Constitution, is amended by adding Subsection (p) to read as follows:

(p) Not later than the 30th day after the effective date of this provision, the comptroller shall transfer $400 million from the economic stabilization fund to the permanent fund supporting military and veterans exemptions. The transferred amount shall be held in the permanent fund supporting military and veterans exemptions and any interest or other earnings attributable to that amount shall be credited to the permanent fund supporting military and veterans exemptions as amounts available to be appropriated to offset the cost to public institutions of higher education of providing tuition and fee exemptions to children of veterans as provided by general law.

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 providing for the transfer of $400 million from the economic stabilization fund to the permanent fund supporting military and veterans exemptions to fund tuition and fee exemptions for children of veterans."