87R16174 JAM-D
By: Canales, Guillen H.J.R. No. 99
Substitute the following for H.J.R. No. 99:
By: Muñoz, Jr. C.S.H.J.R. No. 99
A JOINT RESOLUTION
proposing a constitutional amendment authorizing a county to
finance the development or redevelopment of transportation or
infrastructure in unproductive, underdeveloped, or blighted areas
in the county; authorizing the issuance of bonds and notes.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-g(b), Article VIII, Texas
Constitution, is amended to read as follows:
(b) The legislature by general law may authorize a county or
an incorporated city or town to issue bonds or notes to finance the
development or redevelopment of an unproductive, underdeveloped,
or blighted area within the county, city, or town and to pledge for
repayment of those bonds or notes increases in ad valorem tax
revenues imposed on property in the area by the county, city, or
town and other political subdivisions.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 2, 2021.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment authorizing a county to
finance the development or redevelopment of transportation or
infrastructure in unproductive, underdeveloped, or blighted areas
in the county."