82R4774 JJT-D
By: Lucio S.J.R. No. 39
A JOINT RESOLUTION
proposing a constitutional amendment regarding the authorization
of certain general obligation bonds or notes to provide financial
assistance to counties for roadway projects to serve colonias.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-l, Article III, Texas Constitution,
is amended by adding Subsection (a-1) to read as follows:
(a-1) The legislature by general law may authorize the
governor to authorize the Texas Public Finance Authority or its
successor to issue under Subsection (a) of this section additional
general obligation bonds or notes of the State of Texas in an
aggregate amount not to exceed $60 million and to enter into related
credit agreements.
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 provide for voting for or against the
proposition: "The constitutional amendment authorizing the
issuance of up to $60 million in general obligation bonds or notes
to provide financial assistance to counties for roadway projects to
serve colonias."