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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 unproductive, |
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underdeveloped, or blighted areas in the county; authorizing the |
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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. |
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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 unproductive, |
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underdeveloped, or blighted areas in the county." |