New editions of the State Legislative Tracker and The Policy Tracker available now!

Texas Investment of the Permanent University Fund, Proposition 3 (1968)

From Ballotpedia
(Redirected from Texas Proposition 3, (1968))
Jump to: navigation, search
Voting on
state and local
government budgets,
spending and finance
State finance.jpg
Budget policy
Ballot measures
By state
By year
Not on ballot
Texas Constitution
Seal of Texas.svg.png
3 (1-43)3 (44-49)3 (50-67)

The Texas Investment of the Permanent University Fund Amendment, also known as Proposition 3, was on the November 5, 1968 ballot in Texas as a legislatively-referred constitutional amendment, where it was approved. The measure authorized the permanent university fund to be invested in securities, bonds or other obligations issued, insured or guaranteed by the federal government.[1][2]

Election results

Texas Proposition 3 (1968)
Approveda Yes 1,175,644 59.80%

Election results via: Legislative Reference Library of Texas

Text of measure

The text of the measure can be read here.

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.

See also

Suggest a link

External links


BallotMeasureFinal badge.png
This historical ballot measure article requires that the text of the measure be added to the page.