|
HOUSE JOINT RESOLUTION 62 |
HOUSE AUTHOR: Mowery et al. |
|
ELECTION ON: 11-2-99 |
SENATE SPONSOR: Shapiro |
House Joint Resolution 62 proposes a state constitutional amendment that eliminates various duplicative, obsolete, archaic, ineffective, and already executed constitutional provisions. Temporary transition provisions clarify that the amendment does not impair existing debt obligations or the issuance of previously authorized but unissued bonds and does not affect certain tax practices, pension rights, county powers, and hospital district dissolution proceedings. The amendment repeals provisions relating to disclosure of Texas growth fund investments in South Africa or Namibia. A change applicable to permanent university fund, permanent school fund, and teacher retirement fund administrators eliminates their preferential right of purchase for Veterans' Land Board bonds and obligations.