TX
Texas House Bill HJR116

Texas 2009 - 81st Regular

Texas House Bill HJR116

Filed
 
Out of House Committee
4/9/09  
Voted on by House
5/2/09  
Out of Senate Committee
5/15/09  
Voted on by Senate
5/19/09  

Caption

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.

Companion Bills

TX SJR37

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.

Previously Filed As

TX HJR90

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.

TX HJR167

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.

TX SJR85

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.

TX HJR20

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.

TX HJR159

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.

TX HJR29

Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.

TX HJR204

Proposing a constitutional amendment authorizing the use of money in the state highway fund for transit-oriented projects.

TX HJR124

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.

TX SB2369

Relating to the reliability and resiliency of the power grid in this state; authorizing the issuance of revenue bonds.

TX HJR158

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.

Similar Bills

No similar bills found.