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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing a county to |
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finance the development or redevelopment of transportation or |
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infrastructure in unproductive, underdeveloped, or blighted areas |
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in the county; authorizing the issuance of bonds and notes. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-g(b), Article VIII, Texas |
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Constitution, is amended to read as follows: |
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(b) The legislature by general law may authorize a county or |
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an incorporated city or town to issue bonds or notes to finance the |
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development or redevelopment of an unproductive, underdeveloped, |
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or blighted area within the county, city, or town and to pledge for |
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repayment of those bonds or notes increases in ad valorem tax |
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revenues imposed on property in the area by the county, city, or |
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town and other political subdivisions. A county that issues bonds |
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or notes for transportation improvements under a general law |
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authorized by this subsection may not: |
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(1) pledge for the repayment of those bonds or notes |
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more than 65 percent of the increases in ad valorem tax revenues |
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each year; or |
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(2) use proceeds from the bonds or notes to finance the |
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construction, operation, maintenance, or acquisition of |
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rights-of-way of a toll road. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 2, 2021. |
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The ballot shall be printed to provide for voting for or against the |
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proposition: "The constitutional amendment authorizing a county to |
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finance the development or redevelopment of transportation or |
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infrastructure in unproductive, underdeveloped, or blighted areas |
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in the county." |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.J.R. No. 99 was passed by the House on May |
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12, 2021, by the following vote: Yeas 127, Nays 15, 2 present, not |
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voting; and that the House concurred in Senate amendments to H.J.R. |
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No. 99 on May 28, 2021, by the following vote: Yeas 126, Nays 13, 1 |
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present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.J.R. No. 99 was passed by the Senate, with |
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amendments, on May 26, 2021, by the following vote: Yeas 27, Nays |
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4. |
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_______________________________ |
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Secretary of the Senate |
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RECEIVED: _____________________ |
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Date |
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_____________________ |
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Secretary of State |