81R14531 JD-D
By: Villarreal H.J.R. No. 93
A JOINT RESOLUTION
proposing a constitutional amendment authorizing Bexar County to
issue bonds or notes to finance the acquisition of real property and
the construction of a building or facility on the property for use
by an institution of higher education and to pledge for repayment of
those bonds or notes increases in revenues from ad valorem taxes
imposed by the county and other political subdivisions on property
located in a designated area of the county.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-g, Article VIII, Texas Constitution,
is amended by adding Subsection (c) to read as follows:
(c) The legislature by general law may authorize Bexar
County to issue bonds or notes to finance the acquisition of real
property and construction of a building or facility on the property
for use by an institution of higher education selected by the county
and to pledge for repayment of those bonds or notes increases in
revenues from ad valorem taxes imposed by the county and other
political subdivisions on property in an area of the county
designated by the county that includes the real property on which
the building or facility is proposed to be located or is located.
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 Bexar
County to issue bonds or notes to finance the acquisition of real
property and the construction of a building or facility on the
property for use by an institution of higher education and to pledge
for repayment of those bonds or notes increases in revenues from ad
valorem taxes imposed by the county and other political
subdivisions on property located in a designated area of the
county."