SJR4 - Proposing a constitutional amendment providing for the maximum amount of money allowable in the economic stabilization fund.

      By: Schwertner S.J.R. No. 4       SENATE JOINT RESOLUTION         proposing a constitutional amendment providing for the maximum   amount of money allowable in the economic stabilization fund.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 49-g(g), Article III, Texas   Constitution, is amended to read as follows:          (g)  During each fiscal biennium, the amount in the economic   stabilization fund may not exceed an amount equal to 15 [ 10 ] percent   of the total amount, excluding investment income, interest income,   and amounts borrowed from special funds, deposited in general   revenue during the preceding biennium.          SECTION 2.  The following temporary provision is added to   the Texas Constitution:           TEMPORARY PROVISION. (a)   This temporary provision applies   to the constitutional amendment proposed by the 89th Legislature,   Regular Session, 2025, providing for the maximum amount of money   allowable in the economic stabilization fund.           (b)     The amendment to Section 49-g, Article III, of this   constitution takes effect September 1, 2028.           (c)  This temporary provision expires September 1, 2029.          SECTION 3.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 4, 2025.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment providing for the   maximum amount of money that may be saved in the economic   stabilization fund with the goal of providing greater financial   security for this state."