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Texas Proposition 3, Growth Fund for Education and Retirement Amendment (1988)
| Texas Proposition 3 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 3 was on the ballot as a legislatively referred constitutional amendment in Texas on November 8, 1988. It was approved.
A "yes" vote supported creating the Texas Growth Fund to invest in the permanent university fund, the permanent school fund, and the public employees retirement systems. |
A "no" vote opposed creating the Texas Growth Fund to invest in the permanent university fund, the permanent school fund, and the public employees retirement systems. |
Election results
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Texas Proposition 3 |
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| Result | Votes | Percentage | ||
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2,585,280 | 63.41% | ||
| No | 1,492,078 | 36.59% | ||
Text of measure
Ballot title
The ballot title for Proposition 3 was as follows:
| “ | Proposing a constitutional amendment relating to the establishment of the Texas growth fund and the investment of certain state funds in businesses in the state to promote and encourage economic development of the state. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as House Joint Resolution 5 during the second session of the 70th legislature called in 1988.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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