TX
Texas Senate Bill SJR65

Texas 2015 - 84th Regular

Texas Senate Bill SJR65

Voted on by Senate
 
Out of House Committee
 
Voted on by House
 
Sent toSOS
 
Proposed Const. Amend.
 

Caption

Proposing a constitutional amendment relating to the use of bonds and notes in the military value revolving loan account.

Impact

The impact of SJR65 is expected to be significant for military and defense communities across Texas. By enabling state agencies to issue bonds, the bill supports economic development initiatives that can potentially increase the military value and readiness of installations within the state. This could lead to job creation and enhanced infrastructure in areas dependent on military operations, ultimately fostering growth within those regions. However, it also ties the financial future of such initiatives to market conditions and the state’s ability to repay any debt incurred from these bonds.

Summary

SJR65 proposes a constitutional amendment concerning the use of bonds and notes in the military value revolving loan account. Specifically, it allows the Texas Legislature to authorize state agencies to issue general obligation bonds or notes up to an aggregate amount of $250 million. The goal of this amendment is to provide financial support through loans and grants for economic development projects benefiting defense-related communities in Texas, particularly those aimed at enhancing military installations within the state. This amendment would amend Section 49-n(a), Article III of the Texas Constitution, as added by previous legislation.

Contention

While SJR65 aims to bolster economic assistance to military communities, there may be points of contention regarding the appropriations and potential fiscal responsibilities associated with the bonds. Critics might raise concerns about the state’s debt levels and whether prioritizing military-related projects is the best allocation of financial resources. The amendment's language, permitting loans and grants 'without further appropriation', may also spark debates about fiscal oversight and accountability, making it essential for stakeholders to closely monitor the outcomes of such funding initiatives.

Companion Bills

TX HJR138

Identical Proposing a constitutional amendment relating to the use of bonds and notes in the military value revolving loan account.

Previously Filed As

TX SJR75

Proposing a constitutional amendment creating the Texas water fund to assist in financing water projects in this state.

TX SJR85

Proposing a constitutional amendment increasing the amount of additional general obligation bonds that may be issued by the Texas Water Development Board to provide financial assistance for the development of certain projects in economically distressed areas.

TX HJR124

Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.

TX HJR167

Proposing a constitutional amendment increasing the amount of additional general obligation bonds that may be issued by the Texas Water Development Board to provide financial assistance for the development of certain projects in economically distressed areas.

TX SJR25

Proposing a constitutional amendment to reserve to the people the powers of initiative and referendum.

TX SJR88

Proposing a constitutional amendment creating the utilities reliability fund and the utilities reliability revenue fund to provide financial support for projects that enhance the reliability and resiliency of the power grid in this state.

TX SJR80

Proposing a constitutional amendment creating the utilities reliability fund and the utilities reliability revenue fund to provide financial support for projects that enhance the reliability and resiliency of the power grid in this state.

TX HJR169

Proposing a constitutional amendment providing for the dedication of certain sales and use tax revenue to a special fund established in the state treasury to pay for water infrastructure in this state.

TX SJR43

Proposing a constitutional amendment creating the water for Texas fund to assist in financing water projects in this state.

TX HJR20

Proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.

Similar Bills

No similar bills found.