HOUSE JOINT RESOLUTION 28 |
HOUSE AUTHOR: Pickett et al. |
FOR ELECTION: 9-13-03 |
SENATE SPONSOR: Lucio |
House Joint Resolution 28 proposes a state constitutional amendment to provide a mechanism for authorizing a state transportation agency to issue notes or borrow money on a short-term basis for transportation-related projects and to issue bonds and other public securities for highway improvement projects. The principal, interest, and other costs related to bonds, public securities, or bond enhancement agreements are payable from revenue in the state highway fund.