Texas Use of the Permanent School Fund, Proposition 9 (September 2003)
The Texas Use of the Permanent School Fund Amendment, also known as Proposition 9, was on the September 13, 2003 ballot in Texas as a legislatively-referred constitutional amendment, where it was approved. The measure 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.
|Texas Proposition 9 (September 2003)|
Election results via: Legislative Reference Library of Texas
Text of measure
The text of the measure can be read here.
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.
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- 2003 ballot measures
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|historical ballot measure article requires that the text of the measure be added to the page.|