TITLE: Relating to the approval of a sufficient balance of the constitutional economic stabilization fund by the 85th Legislature.

SUMMARY: Relating to the approval of a sufficient balance of the constitutional economic stabilization fund by the 85th Legislature.

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.