Texas Senate Bill SJR3

Texas 2011 - 82nd Regular

Caption

Proposing a constitutional amendment providing for the issuance of additional general obligation bonds by the Texas Water Development Board.

Impact

The proposed amendment would amend Article III of the Texas Constitution to allow for more flexible funding through general obligation bonds facilitated by the TWDB. By removing previous limitations on bond amounts and adjusting conditions for state participation in individual projects, the resolution seeks to bolster the state's ability to respond effectively to water-related challenges. This could facilitate more robust planning and implementation of water management projects, infrastructure improvements, and general enhancements to the state's water supply systems.

Summary

SJR3 is a joint resolution proposing an amendment to the Texas Constitution that would allow the Texas Water Development Board (TWDB) to issue additional general obligation bonds. This measure is primarily aimed at enhancing the funding capabilities of the TWDB to support various water initiatives across Texas. The resolution specifies that the board may issue bonds up to an aggregate amount of $6 billion, on a continuous basis, thereby providing a significant increase in available resources for water projects in the state. This financial support is crucial for developing and maintaining water infrastructure, particularly in light of the growing population and water demands in Texas.

Sentiment

The sentiment surrounding SJR3 appears to be generally supportive among lawmakers and stakeholders concerned with water resource management. Proponents emphasize the importance of maintaining and improving water infrastructure to ensure sustainability and accessibility for Texas residents. However, there may be underlying concerns among some legislators regarding fiscal responsibility and long-term impacts of increased state debt, particularly in terms of bond issuance and the obligations that come with it.

Contention

Despite the general support, there may also be points of contention regarding the implications of expanded bond authority. Critics could voice concerns about the long-term fiscal implications of accruing substantial debt through bonds and whether the additional funding will genuinely translate to improved water infrastructure and management. The public nature of the ballot submission implies that voters will also have a significant say in the outcome, which could lead to diverse opinions reflecting local priorities and attitudes toward debt and financial governance.