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proposing a constitutional amendment providing for the maximum |
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amount of money allowable in the economic stabilization fund. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49-g(g), Article III, Texas |
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Constitution, is amended to read as follows: |
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(g) During each fiscal biennium, the amount in the economic |
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stabilization fund may not exceed an amount equal to 15 [10] percent |
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of the total amount, excluding investment income, interest income, |
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and amounts borrowed from special funds, deposited in general |
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revenue during the preceding biennium. |
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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, providing for the maximum amount of money |
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allowable in the economic stabilization fund. |
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(b) The amendment to Section 49-g, Article III, of this |
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constitution takes effect September 1, 2028. |
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(c) This temporary provision expires September 1, 2029. |
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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 providing for the |
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maximum amount of money that may be saved in the economic |
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stabilization fund with the goal of providing greater financial |
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security for this state." |