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Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 80(R)

Senate Joint Resolution 20

Senate Author:  Lucio et al.

For Election:  11-6-07

House Sponsor:  Chavez et al.

            Senate Joint Resolution 20 proposes an amendment to the state constitution to authorize the Texas Water Development Board (TWDB) to issue additional general obligation bonds in an amount not to exceed $250 million to provide assistance to economically distressed areas of the state as defined by law.  The proposed amendment specifies that certain constitutional provisions relating to payment of the principal of and interest on TWDB bonds apply to the bonds authorized by this amendment.