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A JOINT RESOLUTION
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proposing a constitutional amendment to reduce the allocation of |
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certain general revenue to the economic stabilization fund and to |
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use that revenue for certain science, technology, engineering, and |
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mathematics (STEM) scholarships. |
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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 (c-3) to read as follows: |
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(c-3) Notwithstanding any other provision of this section, |
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each time the comptroller determines the amount of general revenue |
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to be allocated for transfer to the economic stabilization fund |
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under Subsection (c-1) of this section and that amount is not |
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increased under Subsection (c-2) of this section, the comptroller |
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shall reduce the amount of that transfer by 0.01 percent and retain |
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the amount by which the transfer is reduced as general revenue. |
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Money retained as general revenue under this subsection may be used |
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only to provide for a scholarship program for citizens or lawful |
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permanent residents of the United States who are residents of this |
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state and are enrolled in an undergraduate science, technology, |
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engineering, or mathematics (STEM) program at a public institution |
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of higher education in this state. The legislature by general law |
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shall provide for the administration of the scholarship program. |
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SECTION 2. The following temporary provision is added to |
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the Texas Constitution: |
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TEMPORARY PROVISION. (a) This temporary provision applies |
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to the constitutional amendment proposed by the 87th Legislature, |
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Regular Session, 2021, to reduce the allocation of certain general |
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revenue to the economic stabilization fund and to use that revenue |
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for certain science, technology, engineering, and mathematics |
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(STEM) scholarships. |
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(b) The amendment to Section 49-g, Article III, of this |
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constitution applies beginning with the transfer to be made to the |
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economic stabilization fund under Section 49-g(c) of that article |
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during the state fiscal year that begins September 1, 2023. |
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(c) This temporary provision expires January 1, 2024. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to reduce the |
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allocation of certain general revenue to the economic stabilization |
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fund and to use that revenue for certain science, technology, |
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engineering, and mathematics (STEM) scholarships." |