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Senate Joint Resolution 50 |
Senate Author: West |
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For Election: 11-8-11 |
House Sponsor: Branch et al. |
Senate Joint Resolution 50 proposes an amendment to the state constitution to authorize the legislature, by general law, to provide ongoing bonding authority for the Texas Higher Education Coordinating Board or its successor or successors to issue and sell general obligation bonds of the state for the purpose of financing educational loans to students as long as the principal amount of the outstanding bonds issued does not exceed the aggregate principal amount of the state general obligation bonds previously authorized for that purpose by any other provision or former provision of the constitution.