1-1 By: Lucio, West, Rosson S.J.R. No. 9
1-2 (In the Senate - Filed February 1, 1993; February 2, 1993,
1-3 read first time and referred to Committee on Economic Development;
1-4 April 21, 1993, reported favorably by the following vote: Yeas 7,
1-5 Nays 0; April 21, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Parker x
1-9 Lucio x
1-10 Ellis x
1-11 Haley x
1-12 Harris of Dallas x
1-13 Harris of Tarrant x
1-14 Leedom x
1-15 Madla x
1-16 Rosson x
1-17 Shapiro x
1-18 Wentworth x
1-19 SENATE JOINT RESOLUTION
1-20 proposing a constitutional amendment authorizing the legislature to
1-21 provide for the issuance of bonds for the state financing of
1-22 start-up costs for historically underutilized businesses.
1-23 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-24 SECTION 1. Article XVI of the Texas Constitution is amended
1-25 by adding Section 72 to read as follows:
1-26 Sec. 72. (a) The legislature by law may establish a Texas
1-27 historically underutilized business capital growth and start-up
1-28 fund to be used without further appropriation solely in furtherance
1-29 of a program established by the legislature to aid in the start-up
1-30 costs of a historically underutilized business as defined by the
1-31 legislature. The fund shall contain a program account, an interest
1-32 and sinking account, and other accounts authorized by the
1-33 legislature. To carry out the program authorized by this
1-34 subsection, the legislature may issue up to $50 million of general
1-35 obligation bonds to provide funding for the fund. The fund is
1-36 composed of the proceeds of the bonds authorized by this
1-37 subsection, loan guarantee fees and other amounts received from
1-38 loan guarantees made under this subsection, and any other amount
1-39 required to be deposited in the fund by the legislature.
1-40 (b) The legislature may require review and approval of the
1-41 issuance of bonds under this section, of the use of the bond
1-42 proceeds, or of the rules adopted by an agency to govern use of the
1-43 bond proceeds. Notwithstanding any other provision of this
1-44 constitution, any entity created or directed to conduct this review
1-45 and approval may include members or appointees of members of the
1-46 executive, legislative, and judicial departments of state
1-47 government.
1-48 (c) Bonds authorized under this section constitute a general
1-49 obligation of the state. While any of the bonds or interest on the
1-50 bonds is outstanding and unpaid, there is appropriated out of the
1-51 first money coming into the treasury in each fiscal year, not
1-52 otherwise appropriated by this constitution, the amount sufficient
1-53 to pay the principal of and interest on the bonds that mature or
1-54 become due during the fiscal year, less any amount in any interest
1-55 and sinking account at the end of the preceding fiscal year that is
1-56 pledged to payment of the bonds or interest.
1-57 SECTION 2. This proposed amendment shall be submitted to the
1-58 voters at an election to be held November 2, 1993. The ballot
1-59 shall be printed to provide for voting for or against the
1-60 proposition: "The constitutional amendment authorizing the
1-61 legislature to provide for the issuance of $50 million of general
1-62 obligation bonds for the recovery and further development of the
1-63 state's economy, with the goal of increasing job opportunities and
1-64 other benefits for Texas residents, through state financing of the
1-65 start-up costs of historically underutilized businesses."
1-66 * * * * *
1-67 Austin,
1-68 Texas
2-1 April 21, 1993
2-2 Hon. Bob Bullock
2-3 President of the Senate
2-4 Sir:
2-5 We, your Committee on Economic Development to which was referred
2-6 S.J.R. No. 9, have had the same under consideration, and I am
2-7 instructed to report it back to the Senate with the recommendation
2-8 that it do pass and be printed.
2-9 Lucio,
2-10 Vice-Chairman
2-11 * * * * *
2-12 WITNESSES
2-13 FOR AGAINST ON
2-14 ___________________________________________________________________
2-15 Name: Maricela Rodriguez Barr x
2-16 Representing: The Barr Company
2-17 City: Austin
2-18 -------------------------------------------------------------------
2-19 Name: Ernesto Chavarria x
2-20 Representing: TAMACC
2-21 City: Austin
2-22 -------------------------------------------------------------------
2-23 Name: Frances Cornejo x
2-24 Representing: J.P. Printing
2-25 City: Austin
2-26 -------------------------------------------------------------------
2-27 Name: Carol S. Hadnot x
2-28 Representing: Austin Black Contractors Ass.
2-29 City: Austin
2-30 -------------------------------------------------------------------
2-31 Name: Devoyd Jennings x
2-32 Representing: Tx. State Black Chambers
2-33 City: Ft. Worth
2-34 -------------------------------------------------------------------
2-35 Name: Richard Barth x
2-36 Representing: AGC of Texas
2-37 City: Austin
2-38 -------------------------------------------------------------------
2-39 Name: Martin Burrell x
2-40 Representing: DART
2-41 City: Dallas
2-42 -------------------------------------------------------------------
2-43 Name: Karen Box x
2-44 Representing: Cap. City Chambers of Comm.
2-45 City: Austin
2-46 -------------------------------------------------------------------
2-47 Name: Michael Von Ohlen x
2-48 Representing: Prism Development
2-49 City: Austin
2-50 -------------------------------------------------------------------
2-51 Name: Franklin D. Thomas x
2-52 Representing: Engercon Group
2-53 City: Dallas
2-54 -------------------------------------------------------------------
2-55 Name: David R. Pinkus x
2-56 Representing: Small Business United of TX
2-57 City: Austin
2-58 -------------------------------------------------------------------
2-59 Name: Lena Guerrero x
2-60 Representing: Southwest Capitol Markets
2-61 City: Austin
2-62 -------------------------------------------------------------------
2-63 FOR AGAINST ON
2-64 ___________________________________________________________________
2-65 Name: Wendle Van Smith x
2-66 Representing: Self
2-67 City: Houston
2-68 -------------------------------------------------------------------
2-69 Name: Carl Davis x
2-70 Representing: Self
3-1 City: Houston
3-2 -------------------------------------------------------------------
3-3 Name: Reginald Gates x
3-4 Representing: Ft. Worth/Black Chambers
3-5 City: Ft. Worth
3-6 -------------------------------------------------------------------
3-7 Name: Dave Tovar x
3-8 Representing: SA Hispanic Chamber of Comm.
3-9 City: San Antonio
3-10 -------------------------------------------------------------------
3-11 Name: John Hernandez x
3-12 Representing: Austin Hispanic Chamber
3-13 City: Austin
3-14 -------------------------------------------------------------------
3-15 Name: Esther Sepeda x
3-16 Representing: TAMACC
3-17 City: Austin
3-18 -------------------------------------------------------------------
3-19 Name: Rudy Colmenero x
3-20 Representing: TAMACC
3-21 City: Austin
3-22 -------------------------------------------------------------------
3-23 Name: Cesar Perez x
3-24 Representing: TAMACC
3-25 City: Rio Grande City
3-26 -------------------------------------------------------------------
3-27 Name: Jose A. Sena x
3-28 Representing: TAMACC/Dallas Hisp. Chamber
3-29 City: Dallas
3-30 -------------------------------------------------------------------
3-31 Name: Charlie Ponzio x
3-32 Representing: El Paso Hispanic Chamber
3-33 City: El Paso
3-34 -------------------------------------------------------------------
3-35 Name: Joe Morin x
3-36 Representing: TAMACC
3-37 City: Austin
3-38 -------------------------------------------------------------------
3-39 Name: Marco A. Arredondo x
3-40 Representing: Corpus Hispanic Chamber
3-41 City: Corpus Christi
3-42 -------------------------------------------------------------------
3-43 Name: Berto Guerra x
3-44 Representing: TAMACC
3-45 City: Austin
3-46 -------------------------------------------------------------------
3-47 Name: Lydia Marie Trevino x
3-48 Representing: SEGUIN
3-49 City: Seguin
3-50 -------------------------------------------------------------------
3-51 Name: Henry G. Flores x
3-52 Representing: Austin Hispanic Chamber
3-53 City: Austin
3-54 -------------------------------------------------------------------
3-55 Name: Ronald J. Alonzo x
3-56 Representing: Fort Worth Hispanic Chamber
3-57 City: Fort Worth
3-58 -------------------------------------------------------------------
3-59 Name: Jose F. Molina x
3-60 Representing: Odessa MANO
3-61 City: Odessa
3-62 -------------------------------------------------------------------
3-63 FOR AGAINST ON
3-64 ___________________________________________________________________
3-65 Name: Dan Sotomayor x
3-66 Representing: TAMACC, El Paso Chamber
3-67 City: El Paso
3-68 -------------------------------------------------------------------
3-69 Name: Larry E. Romero x
3-70 Representing: El Paso Hispanic Chamber
4-1 City: El Paso
4-2 -------------------------------------------------------------------
4-3 Name: Anthony D. Lyons x
4-4 Representing: Law office of Anthony D. Lyon
4-5 City: Dallas
4-6 -------------------------------------------------------------------
4-7 Name: Jesse Miranda x
4-8 Representing: Miranda, Inc.
4-9 City: Austin
4-10 -------------------------------------------------------------------
4-11 Name: Berto Guerra, Jr. x
4-12 Representing: TAMACC
4-13 City: Austin
4-14 -------------------------------------------------------------------
4-15 Name: Wardaleen F. Belvin x
4-16 Representing: Lt. Governor's Office
4-17 City: Austin
4-18 -------------------------------------------------------------------