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HJR 5, 70th 2nd Called Session
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.

Proposition Prop. 3 - The constitutional amendment to provide for the investment of the permanent university fund, the permanent school fund, and the public employee retirement systems in the Texas growth fund created by the amendment, which will directly create, retain, and expand job opportunity and economic growth in Texas.

Outcome: Adopted

Election date: 11/08/1988

Votes for: 2,585,280
Votes against: 1,492,078

Enabling legislation No enabling legislation required.

Articles affected Article 7 : Amends §5    Amends §11b   
Article 16 : Adds §70   

Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 8, 1988 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 8, 1988 election.

Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.

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