86R3615 BRG-D
By: Lucio S.J.R. No. 65
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the issuance of
additional obligations to provide financial assistance to counties
for roadways to serve border colonias.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 49-l(a), Article III, Texas
Constitution, is amended to read as follows:
(a) To fund financial assistance to counties for roadways to
serve border colonias, the legislature by general law may authorize
the governor to authorize the Texas Public Finance Authority or its
successor to issue general obligation bonds or notes of the State of
Texas in an aggregate amount not to exceed $275 [$175] million and
to enter into related credit agreements. Except as provided by
Subsection (c) of this section, the proceeds from the sale of the
bonds and notes may be used only to provide financial assistance to
counties for projects to provide access roads to connect border
colonias with public roads. Projects may include the construction
of colonia access roads, the acquisition of materials used in
maintaining colonia access roads, and projects related to the
construction of colonia access roads, such as projects for the
drainage of the roads.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment providing for the
authorization of the issuance of $100 million in additional
obligations for roadway needs in border colonias."