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. A county that issues bonds
or notes for transportation improvements under a general law
authorized by this subsection may not:
(1) pledge for the repayment of those bonds or notes
more than 65 percent of the increases in ad valorem tax revenues
each year; or
(2) use proceeds from the bonds or notes to finance the
construction, operation, maintenance, or acquisition of
rights-of-way of a toll road.
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."
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.J.R. No. 99 was passed by the House on May
12, 2021, by the following vote: Yeas 127, Nays 15, 2 present, not
voting; and that the House concurred in Senate amendments to H.J.R.
No. 99 on May 28, 2021, by the following vote: Yeas 126, Nays 13, 1
present, not voting.
______________________________
Chief Clerk of the House
I certify that H.J.R. No. 99 was passed by the Senate, with
amendments, on May 26, 2021, by the following vote: Yeas 27, Nays
4.
_______________________________
Secretary of the Senate
RECEIVED: _____________________
Date
_____________________
Secretary of State