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House Joint Resolution 99 |
House Author: Canales et al. |
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For Election: 11-2-21 |
Senate Sponsor: Nichols et al. |
House Joint Resolution 99 proposes an amendment to the Texas Constitution to authorize the legislature by general law to authorize a county to issue bonds or notes to finance the development or redevelopment of an unproductive, underdeveloped, or blighted area within the county and to pledge for repayment of those bonds or notes increases in property tax revenues imposed on property in the area by the county. The resolution prohibits a county that issues bonds or notes for transportation improvements under a general law from pledging for the repayment of those bonds or notes more than 65 percent of the increases in property tax revenues each year or using proceeds from the bonds or notes to finance the construction, operation, maintenance, or acquisition of rights‑of‑way of a toll road.