The Texas Veterans' Land Fund Amendment, also known as Proposition 4, was on the November 9, 1963 ballot in Texas as a legislatively-referred constitutional amendment, where it was defeated. The measure would have increased the Veterans' Land Fund from $200 million to $350 million and increased the bond interest rate from 3.5 percent to 4.5 percent.
| Texas Proposition 4 (1963)|
|Yes|| 250,556|| 49.23%|
Election results via: Legislative Reference Library of Texas
Text of measure
The text of the measure can be read here.
If adopted, Prop 4 would have amended Section 49-b of Article 3 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.