Proposing a constitutional amendment authorizing the Veterans' Land Board to issue general obligation bonds in amounts equal to or less than amounts previously authorized.
Impact
If approved, this measure would likely stimulate the housing market for veterans in Texas. By allowing the Veterans' Land Board to issue additional bonds, it can expand its lending capabilities, which could lead to increased access to affordable housing for veterans. The financial provision aims to leverage state resources to benefit veterans, making it easier for them to secure home loans and purchase land.
Summary
HJR116 is a joint resolution proposing a constitutional amendment that would empower the Veterans' Land Board to issue general obligation bonds. The proposed amendment stipulates that the total amount of bonds issued should not exceed the amounts authorized by prior constitutional amendments for similar purposes. The resolution aims to assist veterans by providing them with more financing options through mortgage loans and land purchases, thereby enhancing their ability to acquire properties and build homes.
Contention
While the bill appears to have positive intentions, discussions may center around the implications of increasing the volume of general obligation bonds. Critics might raise concerns regarding state fiscal responsibility and the potential long-term effects of increasing liability through additional bonding. Furthermore, there may be debates on whether the existing bond structures are sufficient or if further amendments are necessary to address the unique needs of veterans more effectively.
Identical
Proposing a constitutional amendment authorizing the Veterans' Land Board to issue general obligation bonds in amounts equal to or less than amounts previously authorized.
Proposing a constitutional amendment increasing the amount of additional general obligation bonds that may be issued by the Texas Water Development Board to provide financial assistance for the development of certain projects in economically distressed areas.
Proposing a constitutional amendment increasing the amount of additional general obligation bonds that may be issued by the Texas Water Development Board to provide financial assistance for the development of certain projects in economically distressed areas.
Proposing a constitutional amendment authorizing the issuance of general obligation bonds to provide funding for the construction, expansion, maintenance, and operation of state mental health facilities.
Proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation a mineral interest that has a value of less than a certain amount.
Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation income-producing tangible personal property having a value of less than a certain amount.