By: Pickett (Senate Sponsor - Wentworth) H.J.R. No. 63
(In the Senate - Received from the House May 6, 2011;
May 9, 2011, read first time and referred to Committee on
Intergovernmental Relations; May 19, 2011, reported favorably by
the following vote: Yeas 5, Nays 0; May 19, 2011, sent to printer.)
HOUSE JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to permit a county to issue bonds or notes to finance the
development or redevelopment of an unproductive, underdeveloped,
or blighted area and to pledge for repayment of the bonds or notes
increases in ad valorem taxes imposed by the county on property in
the area.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-g(b), Article VIII, Texas
Constitution, is amended to read as follows:
(b) The legislature by general law may authorize an
incorporated city or town or a county to issue bonds or notes to
finance the development or redevelopment of an unproductive,
underdeveloped, or blighted area within the city, [or] town, or
county and to pledge for repayment of those bonds or notes increases
in ad valorem tax revenues imposed on property in the area by the
city, [or] town, or county and other political subdivisions.
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 permit a county to issue bonds or notes to finance
the development or redevelopment of an unproductive,
underdeveloped, or blighted area and to pledge for repayment of the
bonds or notes increases in ad valorem taxes imposed by the county
on property in the area. The amendment does not provide authority
for increasing ad valorem tax rates."
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