A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Section 22 of, and adding Section 24 to, Article XVI thereof, relating to veterans.

The California Constitution establishes the Budget Stabilization Account in the General Fund and requires the Controller, on or before October 1 of the 2015–16 fiscal year and each fiscal year thereafter, to annually transfer from the General Fund to the Budget Stabilization Account amounts determined pursuant to specified formulae, including General Fund proceeds of taxes derived from personal income taxes paid on net capital gains that exceed a designated level, based on estimates provided in the Budget Act. The California Constitution authorizes the Legislature to return funds transferred into the Budget Stabilization Account pursuant to the formulae described above if the Governor issues a proclamation declaring a budget emergency and requires the Legislature to use the funds so returned to address the budget emergency. This measure would create the Veterans Support Stabilization Account in the General Fund, and require the annual budget to allocate 0.5% of the funding allocated for the purpose of services for veterans to be allocated to the Veterans Support Stabilization Account. The measure would prohibit funds transferred to the Veterans Support Stabilization Account from being appropriated unless the Governor issues a proclamation declaring a budget emergency and the funds are used to provide for the support of services for veterans.