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Texas Proposition 3, (1968)
Contents |
| Texas Constitution |
|---|
|
| Articles |
| Preamble • 1 • 2 Article 3 (1-43) • Article 3 (44-49) • Article 3 (50-67) 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 |
Election results
| Proposition 3 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 1,175,644 | 59.8% | ||
| No | 790,192 | 40.2% | ||
Text of measure
The short ballot summary Texas voters saw on their ballot was "For the constitutional amendment providing for investment of the Permanent University Fund by the Board of Regents of The University of Texas in certain types of securities within the prudent man rule."[1]
Constitutional changes
Prop 3 amended Section 11a to Article 7 of the Texas Constitution.
Path to the ballot
- See also: Laws governing direct democracy in Texas
As laid out in Article 17 of the Texas Constitution, in order for a proposed constitutional amendment to be placed on the ballot, the Texas State Legislature must propose the amendment in a joint resolution of both the Texas State Senate and the Texas House of Representatives. The joint resolution can originate in either the House or the Senate. The resolution must be adopted by a vote of at least two-thirds of the membership of each house of the legislature. That amounts to a minimum of 100 votes in the House of Representatives and 21 votes in the Senate.
External links
- Texas Legislative Council, "1968 Constitutional Amendments"
- Spreadsheet of proposed amendments to the Texas Constitution, 1879-present
- Texas Constitutional Amendments since 1876
