88R11633 KJE-D     By: Martinez Fischer H.J.R. No. 186       A JOINT RESOLUTION   proposing a constitutional amendment providing for the creation of   the junior college endowment fund and dedicating the interest and   other investment income from money in the fund to reduce the cost of   tuition at public junior colleges in this state.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Article VII, Texas Constitution, is amended by   adding Section 22 to read as follows:          Sec. 22.  (a) The junior college endowment fund is   established for the purpose of providing a dedicated source of   funding to reduce the cost of tuition at public junior colleges in   this state.          (b)  The fund consists of:                (1)  money transferred or deposited to the credit of   the fund; and                (2)  any interest or other earnings attributable to the   investment of money in the fund.          (c)  The comptroller of public accounts shall administer the   fund.          (d)  The legislature may not appropriate the principal   balance of the fund for any purpose.          (e)  The legislature may appropriate the interest and other   earnings attributable to the investment of money in the fund only   for the purpose of reducing the cost of tuition at public junior   colleges in this state.          (f)  On January 1, 2024, the comptroller of public accounts   shall transfer $2 billion of the unencumbered balance of the   general revenue fund that exists on that date to the junior college   endowment fund. This subsection expires December 31, 2024.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2023.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment providing for the   creation of the junior college endowment fund and dedicating the   interest and other investment income from money in the fund to   reduce the cost of tuition at public junior colleges in this state."