Enrolled Bill Summary

House Bill 1749 is the enabling legislation for the constitutional amendment proposed by House Joint Resolution 68, relating to the use of excess from three funds administered by the Veterans' Land Board. The proposed amendment expands use to include veterans nursing home purposes. The bill, consistent with that change and with other provisions of the amendment, amends the Natural Resources Code to remove provisions that limit the pledging of excess receipts and assets as security for bond payments to only those bonds that are issued for land and home mortgage loan purposes. The bill takes effect contingent on voter approval of the constitutional amendment proposed by House Joint Resolution 68.