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A JOINT RESOLUTION
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proposing a constitutional amendment dedicating certain general |
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revenue that would otherwise be transferred to the economic |
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stabilization fund to reducing school district maintenance and |
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operations ad valorem taxes. |
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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 Subsections (g-1) and (g-2) and amending |
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Subsection (h) to read as follows: |
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(g-1) When the comptroller of public accounts acts to |
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prevent the amount in the economic stabilization fund from |
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exceeding the limit in effect for a biennium under Subsection (g) of |
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this section by reducing an amount transferred to the fund from |
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general revenue as provided by Subsection (b) or (c) of this section |
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or by crediting to general revenue interest that is due to the fund |
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as provided by Subsection (i) of this section, the comptroller |
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shall: |
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(1) determine an amount of general revenue equal to |
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the amount by which the balance of general revenue is increased by |
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the reduction of the transfer from general revenue or the crediting |
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of interest to general revenue; and |
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(2) transfer the amount determined under Subdivision |
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(1) of this subsection to the property tax relief fund or a |
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successor fund or account the primary purpose of which is to reduce |
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school district maintenance and operations ad valorem taxes. |
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(g-2) Money transferred to the credit of the property tax |
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relief fund or a successor fund or account under Subsection (g-1) of |
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this section may be appropriated only for the purpose of reducing |
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school district maintenance and operations ad valorem taxes as |
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provided by general law. |
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(h) In preparing an estimate of anticipated revenues for a |
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succeeding biennium as required by Section 49a, Article III, |
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[Section 49a,] of this constitution, the comptroller shall estimate |
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the amount of the transfers that will be made under Subsections (b), |
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(d), [and] (e), and (g-1) of this section. The comptroller shall |
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deduct that amount from the estimate of anticipated revenues as if |
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the transfers were made on August 31 of that fiscal year. |
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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 89th Legislature, |
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Regular Session, 2025, dedicating certain general revenue that |
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would otherwise be transferred to the economic stabilization fund |
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to reducing school district maintenance and operations ad valorem |
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taxes. |
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(b) The amendments to Section 49-g, Article III, of this |
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constitution take effect January 1, 2026. |
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(c) This temporary provision expires January 1, 2027. |
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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 4, 2025. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment dedicating certain |
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general revenue that would otherwise be transferred to the economic |
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stabilization fund to reducing school district maintenance and |
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operations ad valorem taxes." |