Texas Power to Invest and Manage Public Funds Amendment (2019)
| Texas Power to Invest and Manage Public Funds Amendment | |
|---|---|
 | |
| Election date November 5, 2019 | |
| Topic Administration of government | |
| Status Not on the ballot | |
| Type Constitutional amendment | Origin State legislature |
The Texas Power to Invest and Manage Public Funds Amendment was not on the ballot in Texas as a legislatively referred constitutional amendment on November 5, 2019.
The ballot measure would have authorized the Texas State Legislature to pass laws to determine what officials or boards are responsible for investing and managing public funds.[1]
Text of measure
Ballot title
The ballot title would have been:[1]
| “ |
The constitutional amendment to authorize the legislature to vest the power to invest and manage certain public funds in public officers, boards composed of public officers, or entities governed by appointees of public officers.[2] |
” |
Constitutional changes
- See also: Article 3, Texas Constitution
The measure would have added a Section 63 to Article 3 of the Texas Constitution. The following text would have been added:[1]
Sec. 63. Notwithstanding any other provision in this constitution, the legislature by law may vest the power to invest and manage any public funds, including funds established by this constitution other than the fund established under Section 11, Article VII, of this constitution, in any public officer of this state, a board composed of public officers of this state, or an entity that is governed by appointees of public officers of this state.[2]
Path to the ballot
- See also: Amending the Texas Constitution
In Texas, a two-thirds vote is needed in each chamber of the Texas State Legislature to refer a constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the state legislature as House Joint Resolution 143 (HJR 143) on March 8, 2019.[3]
On April 23, 2019, the state House approved HJR 143, with 128 members supporting the amendment, 11 members opposing the amendment, and 11 members not voting. At least 100 votes were needed. The constitutional amendment did not receive a vote in the state Senate.[3]
| Vote in the Texas House of Representatives | |||
| Requirement: Two-thirds (66.67 percent) vote of all members in each chamber | |||
Number of yes votes required: 100  | |||
| Yes | No | Not voting | |
|---|---|---|---|
| Total | 128 | 11 | 11 |
| Total percent | 85.33% | 7.33% | 7.33% |
| Democrat | 63 | 2 | 2 |
| Republican | 65 | 9 | 9 |
See also
External links
Footnotes
- ↑ 1.0 1.1 1.2 Texas State Legislature, "HJR 143," accessed April 24, 2019
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source. Cite error: Invalid
<ref>tag; name "quotedisclaimer" defined multiple times with different content - ↑ 3.0 3.1 Texas State Legislature, "HJR 143 Overview," accessed April 24, 2019
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