By: Pickett, Deshotel H.J.R. No. 109
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to permit a county to issue bonds or notes to finance transportation
and infrastructure projects in a defined area to be repaid from
increases in revenue from ad valorem taxes in the area.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article VIII, Texas Constitution, is amended by
adding Section 1-p to read as follows:
Sec. 1-p. The legislature by general law may authorize a
county to issue bonds or notes to finance a transportation or
infrastructure project in a defined area of the county and to pledge
for repayment of those bonds or notes increases in revenues from ad
valorem taxes imposed on property in the area by the county or other
political subdivisions.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2015.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to permit a county to have the same ability as a
municipality to issue bonds or notes to finance transportation and
infrastructure projects in a defined area to be repaid from revenue
derived from a reinvestment zone
."