Texas Senate Bill SJR64

Texas 2021 - 87th Regular

Caption

Proposing a constitutional amendment authorizing the legislature to provide for the issuance of general obligation bonds to support the development of public telecommunications and information services infrastructure in this state.

Impact

The proposed amendment would necessitate a modification to Article III of the Texas Constitution, specifically by adding Section 68, which lays the groundwork for the issuance of these bonds. The funds raised through the bond issuance would be allocated to a specially created fund by the comptroller of public accounts, with clear stipulations that the money may only be used for construction, maintenance, improvement, or repair of telecommunications infrastructure. This means that state agencies could receive necessary financial support to enhance public access to telecommunications services.

Summary

SJR64 is a joint resolution proposing a constitutional amendment that would authorize the Texas legislature to issue general obligation bonds to fund the development of public telecommunications and information services infrastructure throughout the state. This amendment is intended to address the pressing need for improved connectivity and information services in public domains, which is increasingly critical in a digital age. Should this resolution pass, it would pave the way for the issuance of bonds up to $1 billion, designated specifically for these infrastructure projects.

Contention

While SJR64 is aimed at enhancing public telecommunications, it may face scrutiny relating to fiscal responsibility and state debt levels. Some legislators and public stakeholders could express concerns over the long-term implications of taking on new debt, especially in light of existing fiscal obligations. Discussions around the bill will likely delve into balancing the need for improved infrastructure against the potential economic impact of increased state borrowing.