81R25393 NC-D
By: Corte H.J.R. No. 132
Substitute the following for H.J.R. No. 132:
By: Corte C.S.H.J.R. No. 132
A JOINT RESOLUTION
proposing a constitutional amendment relating to the financing,
including through tax increment financing, of the acquisition by
municipalities and counties of buffer areas or open spaces adjacent
to a military installation for certain purposes.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 52k to read as follows:
Sec. 52k. The legislature by general law may authorize a
municipality or county to issue bonds or notes to finance the
acquisition of buffer areas or open spaces adjacent to a military
installation for the prevention of encroachment or for the
construction of roadways, utilities, or other infrastructure to
protect or promote the mission of the military installation. The
municipality or county may pledge increases in ad valorem tax
revenues imposed in the area by the municipality, county, or other
political subdivisions for repayment of the bonds or notes.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2009.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
financing, including through tax increment financing, of the
acquisition by municipalities and counties of buffer areas or open
spaces adjacent to a military installation for the prevention of
encroachment or for the construction of roadways, utilities, or
other infrastructure to protect or promote the mission of the
military installation."