By:  Junell                                           H.B. No. 1878
       73R5864 CAS-F
                                 A BILL TO BE ENTITLED
    1-1                                AN ACT
    1-2  relating to the issuance of general obligation bonds by the Texas
    1-3  Agricultural Finance Authority to support the Texas agricultural
    1-4  fund.
    1-5        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-6        SECTION 1.  Section 58.031(c), Agriculture Code, is amended
    1-7  to read as follows:
    1-8        (c)  The authority may issue and sell general obligation
    1-9  bonds of the state not to exceed $250 <$25> million outstanding at
   1-10  any one time for the purpose of providing money to establish a
   1-11  Texas agricultural fund.  The authority may issue the bonds in one
   1-12  or several installments.
   1-13        SECTION 2.  This Act takes effect on the date of the adoption
   1-14  of the constitutional amendment proposed by the 73rd Legislature,
   1-15  Regular Session, 1993, providing for an increase in the principal
   1-16  amount of bonds for the support of the Texas agricultural fund that
   1-17  may be outstanding at one time.  If that amendment is not adopted,
   1-18  this Act has no effect.
   1-19        SECTION 3.  The importance of this legislation and the
   1-20  crowded condition of the calendars in both houses create an
   1-21  emergency and an imperative public necessity that the
   1-22  constitutional rule requiring bills to be read on three several
   1-23  days in each house be suspended, and this rule is hereby suspended.