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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to specify the manner in which certain amounts distributed from the |
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permanent university fund to the available university fund are |
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allocated or used. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 18, Article VII, Texas Constitution, is |
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amended by adding Subsection (f-1) to read as follows: |
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(f-1) This subsection applies to the annual distributions |
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to the available university fund that are available for |
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appropriation by the board of regents of The University of Texas |
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System or The Texas A&M University System under Subsection (f) of |
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this section, other than the annual sum sufficient to pay the |
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principal and interest due on the bonds and notes described by |
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Subsection (f). Notwithstanding Subsection (f) of this section, |
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the legislature by general law or in an appropriation act for the |
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appropriate fiscal year may specify the manner in which the portion |
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of the annual distribution to which this subsection applies may be |
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allocated to or used by the applicable board of regents as the |
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legislature determines to be in the best interests of the |
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applicable university 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 2, 2021. |
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The ballot shall be printed to provide for voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to specify the manner in which certain amounts |
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distributed from the permanent university fund to the available |
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university fund are allocated or used." |