82R9010 SJM-D
By: Veasey H.J.R. No. 14
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to create a social loan program.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article III, Texas Constitution, is amended by
adding Section 51-h to read as follows:
Sec. 51-h. Notwithstanding any other provision of this
constitution, the legislature by general law may authorize the use
of public money to provide low-interest, short-term loans to
low-income individuals for the purpose of covering emergency
expenses. The legislature shall provide for the terms and
conditions of a loan made under this section.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2011.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to create a social loan program."