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Texas Proposition 7, Retirement Fund Investment Amendment (1991)
| Texas Proposition 7 | |
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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 7 was on the ballot as a legislatively referred constitutional amendment in Texas on November 5, 1991. It was defeated.
A "yes" vote supported permitting the board of trustees of a statewide public retirement system to invest funds in a manner they deem prudent. |
A "no" vote opposed permitting the board of trustees of a statewide public retirement system to invest funds in a manner they deem prudent. |
Election results
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Texas Proposition 7 |
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| Result | Votes | Percentage | ||
| Yes | 699,829 | 36.74% | ||
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1,205,240 | 63.26% | ||
Text of measure
Ballot title
The ballot title for Proposition 7 was as follows:
| “ | Proposing a constitutional amendment relating to investments by statewide public retirement systems. | ” |
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 Senate Joint Resolution 6 during the 72nd regular legislative session in 1991.[1]
See also
External links
Footnotes
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