Texas House Bill HJR36

Texas 2017 - 85th Regular

• Filed: 11/22/16

Caption

Proposing a constitutional amendment providing for the issuance of additional general obligation bonds by the Texas Water Development Board to provide assistance to economically distressed areas.

Impact

If enacted, the amendment would directly impact the state's ability to finance programs and projects through the issuance of general obligation bonds. This would create a dedicated funding stream specifically for economically distressed areas, thereby facilitating infrastructure improvements, public services, and potentially stimulating local economies. By providing such financial assistance, the state demonstrates a commitment to addressing inequities and promoting economic rejuvenation in areas that may not have access to standard funding mechanisms.

Summary

HJR36 is a joint resolution proposing a constitutional amendment that allows the Texas Water Development Board (TWDB) to issue an additional $200 million in general obligation bonds aimed at providing assistance to economically distressed areas within the state. This measure is presented as a necessary step to enhance financial resources available for development initiatives that target areas facing significant economic challenges. The TWDB's authority to issue these bonds would enable it to respond more effectively to the needs of communities that may be struggling financially.

Sentiment

The sentiment surrounding HJR36 appears to be largely supportive among its proponents, who view the issuance of additional bonds as a viable strategy to address economic disparities. Supporters argue that this measure is vital for creating opportunities in communities that have been historically underfunded. However, there may be residual concerns about the implications of increasing state debt and the necessity of voter approval for such measures, which could lead to debates about fiscal responsibility and governance.

Contention

A notable point of contention is the requirement that the proposed constitutional amendment be submitted to voters for approval during an upcoming election. While supporters see this as a way to involve the public in significant financial decisions, critics may argue that such measures could lead to complications in the funding process if voters do not approve the bonds. The need for voter buy-in is a crucial aspect of the discussion, impacting how the bill is perceived in terms of democratic participation versus administrative efficiency.