Texas Proposition 9, Permanent School Fund Act (September 2003)
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Texas Proposition 9, also known as the Permanent School Fund Act, was on the September 13, 2003 special election ballot in Texas as a legislatively-referred constitutional amendment, where it was approved. HJR 68/Proposition redefined the composition of the permanent and available school funds by requiring during the next two fiscal years, and authorizing thereafter, annual distributions to the available school fund of a percentage of any increase in the value of the permanent school fund's total investment assets.
Text of measure
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.
- Proposition 9 Election Results
- Analysis of Proposition 9
- Constitutional amendments on the September 13, 2003 Texas ballot