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Texas Proposition 3, Investment of the Permanent University Fund Amendment (1968)
| 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 5, 1968. It was approved.
A "yes" vote supported authorizing investment of the Permanent University Fund in federally issued, insured, or guaranteed securities and bonds. |
A "no" vote opposed authorizing investment of the Permanent University Fund in federally issued, insured, or guaranteed securities and bonds. |
Election results
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Texas Proposition 3 |
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| Result | Votes | Percentage | ||
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1,175,644 | 59.80% | ||
| No | 790,192 | 40.20% | ||
Text of measure
Ballot title
The ballot title for Proposition 3 was as follows:
| “ | Proposing an amendment to the Constitution of the State of Texas providing for the investment of the Permanent University Fund by the Board of Regents of The University of Texas System in certain types of securities within the prudent man rule. | ” |
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 20 during the 60th regular legislative session in 1968.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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