TITLE: Approving the sufficient balance of the economic stabilization fund adopted by the Joint Committee on Economic Stabilization Fund Balance, Select, for the state fiscal biennium beginning September 1, 2017.

SUMMARY: Approving the sufficient balance of the economic stabilization fund adopted by the Joint Committee on Economic Stabilization Fund Balance, Select, for the state fiscal biennium beginning September 1, 2017.

FULL TEXT:
WHEREAS, The Joint Committee on Economic Stabilization Fund Balance, Select, has been appointed and has fulfilled its function under Section 316.092, Government Code; and WHEREAS, The Joint Committee on Economic Stabilization Fund Balance, Select, has adopted a sufficient balance of the constitutional economic stabilization fund for the state fiscal biennium beginning September 1, 2017, of $7.5 billion; and WHEREAS, Section 316.092, Government Code, provides for the approval of the adopted sufficient balance by a resolution finally approved by the legislature or for a different sufficient balance to be provided by a resolution finally approved by the legislature; now, therefore, be it RESOLVED, That the 85th Legislature of the State of Texas approves a sufficient balance of the constitutional economic stabilization fund for the state fiscal biennium beginning September 1, 2017, of $7.5 billion; and, be it further RESOLVED, That the secretary of state forward an official copy of this resolution to the comptroller of public accounts.