1-1 By: Lucio, West, Rosson S.J.R. No. 10
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 adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 8, Nays 0; April 21, 1993,
1-6 sent to printer.)
1-7 COMMITTEE VOTE
1-8 Yea Nay PNV Absent
1-9 Parker x
1-10 Lucio x
1-11 Ellis x
1-12 Haley x
1-13 Harris of Dallas x
1-14 Harris of Tarrant x
1-15 Leedom x
1-16 Madla x
1-17 Rosson x
1-18 Shapiro x
1-19 Wentworth x
1-20 COMMITTEE SUBSTITUTE FOR S.J.R. No. 10 By: Lucio
1-21 SENATE JOINT RESOLUTION
1-22 proposing a constitutional amendment authorizing the legislature to
1-23 provide for the issuance of bonds to provide or guarantee surety
1-24 bonds for historically underutilized businesses.
1-25 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-26 SECTION 1. Article XVI of the Texas Constitution is amended
1-27 by adding Section 73 to read as follows:
1-28 Sec. 73. (a) The legislature by law may establish a Texas
1-29 historically underutilized business bonding fund to be used without
1-30 further appropriation solely in furtherance of a program
1-31 established by the legislature to provide surety bonds to
1-32 historically underutilized businesses or guarantee surety bonds
1-33 provided to historically underutilized businesses, as defined by
1-34 the legislature. The fund shall contain a program account, an
1-35 interest and sinking account, and other accounts authorized by the
1-36 legislature. To carry out the program authorized by this
1-37 subsection, the legislature may issue up to $50 million of general
1-38 obligation bonds to provide funding for the fund. The fund is
1-39 composed of the proceeds of the bonds authorized by this
1-40 subsection, surety bond fees, guarantee fees, and other amounts
1-41 received from the issuance or guarantee of surety bonds made under
1-42 this subsection, and any other amount required to be deposited in
1-43 the fund by the legislature.
1-44 (b) The legislature may require review and approval of the
1-45 issuance of bonds under this section, of the use of the bond
1-46 proceeds, or of the rules adopted by an agency to govern use of the
1-47 bond proceeds. Notwithstanding any other provision of this
1-48 constitution, any entity created or directed to conduct this review
1-49 and approval may include members or appointees of members of the
1-50 executive, legislative, and judicial departments of state
1-51 government.
1-52 (c) Bonds authorized under this section constitute a general
1-53 obligation of the state. While any of the bonds or interest on the
1-54 bonds is outstanding and unpaid, there is appropriated out of the
1-55 first money coming into the treasury in each fiscal year not
1-56 otherwise appropriated by this constitution the amount sufficient
1-57 to pay the principal of and interest on the bonds that mature or
1-58 become due during the fiscal year less any amount in any interest
1-59 and sinking account at the end of the preceding fiscal year that is
1-60 pledged to payment of the bonds or interest.
1-61 SECTION 2. This proposed amendment shall be submitted to the
1-62 voters at an election to be held November 2, 1993. The ballot
1-63 shall be printed to provide for voting for or against the
1-64 proposition: "The constitutional amendment authorizing the
1-65 legislature to provide for the issuance of $50 million of general
1-66 obligation bonds for the recovery and further development of the
1-67 state's economy, with the goal of increasing job opportunities and
1-68 other benefits for Texas residents, through the state's provision
2-1 and guarantee of surety bonds to historically underutilized
2-2 businesses."
2-3 * * * * *
2-4 Austin,
2-5 Texas
2-6 April 21, 1993
2-7 Hon. Bob Bullock
2-8 President of the Senate
2-9 Sir:
2-10 We, your Committee on Economic Development to which was referred
2-11 S.J.R. No. 10, have had the same under consideration, and I am
2-12 instructed to report it back to the Senate with the recommendation
2-13 that it do not pass, but that the Committee Substitute adopted in
2-14 lieu thereof do pass and be printed.
2-15 Lucio,
2-16 Vice-Chairman
2-17 * * * * *
2-18 WITNESSES
2-19 FOR AGAINST ON
2-20 ___________________________________________________________________
2-21 Name: Ernesto Chavarria x
2-22 Representing: TAMACC
2-23 City: Austin
2-24 -------------------------------------------------------------------
2-25 Name: Joe H. Morin x
2-26 Representing: TAMACC
2-27 City: Austin
2-28 -------------------------------------------------------------------
2-29 Name: Berto Guerra, Jr. x
2-30 Representing: TAMACC
2-31 City: Austin
2-32 -------------------------------------------------------------------
2-33 Name: Wardaleen F. Belvin x
2-34 Representing: Lt. Governor's Office
2-35 City: Austin
2-36 -------------------------------------------------------------------
2-37 Name: David R. Pinkus x
2-38 Representing: Small Business United of Tx
2-39 City: Austin
2-40 -------------------------------------------------------------------
2-41 Name: Maricela Rodriguez Barr x
2-42 Representing: The Barr Company
2-43 City: Austin
2-44 -------------------------------------------------------------------
2-45 Name: Frances Cornejo x
2-46 Representing: J. P. Printing
2-47 City: Austin
2-48 -------------------------------------------------------------------
2-49 Name: Carol S. Hadnot x
2-50 Representing: Austin Black Contractors Assn.
2-51 City: Austin
2-52 -------------------------------------------------------------------
2-53 Name: Devoyd Jennings x
2-54 Representing: Tx State Black Chambers
2-55 City: Ft. Worth
2-56 -------------------------------------------------------------------
2-57 Name: Richard Barth x
2-58 Representing: AGC of Texas
2-59 City: Austin
2-60 -------------------------------------------------------------------
2-61 FOR AGAINST ON
2-62 ___________________________________________________________________
2-63 Name: Martin Burrell x
2-64 Representing: DART
2-65 City: Dallas
2-66 -------------------------------------------------------------------
2-67 Name: Karen Box x
2-68 Representing: Cap. City Chambers of Comm.
2-69 City: Austin
2-70 -------------------------------------------------------------------
3-1 Name: Michael Von Ohlen x
3-2 Representing: Prism Development
3-3 City: Austin
3-4 -------------------------------------------------------------------
3-5 Name: Franklin D. Thomas x
3-6 Representing: Engercon Group
3-7 City: Dallas
3-8 -------------------------------------------------------------------
3-9 Name: Lena Guerrero x
3-10 Representing: Southwest Capitol Markets
3-11 City: Austin
3-12 -------------------------------------------------------------------
3-13 Name: Wendle Van Smith x
3-14 Representing: Self
3-15 City: Houston
3-16 -------------------------------------------------------------------
3-17 Name: Carl Davis x
3-18 Representing: Self
3-19 City: Houston
3-20 -------------------------------------------------------------------
3-21 Name: Reginald Gates x
3-22 Representing: Ft. Worth/Black Chambers
3-23 City: Ft. Worth
3-24 -------------------------------------------------------------------
3-25 Name: Dave Tovar x
3-26 Representing: SA Hispanic Chamber of Comm.
3-27 City: San Antonio
3-28 -------------------------------------------------------------------
3-29 Name: John Hernandez x
3-30 Representing: Austin Hispanic Chamber
3-31 City: Austin
3-32 -------------------------------------------------------------------
3-33 Name: Esther Sepeda x
3-34 Representing: TAMACC
3-35 City: Austin
3-36 -------------------------------------------------------------------
3-37 Name: Rudy Colmenero x
3-38 Representing: TAMACC
3-39 City: Austin
3-40 -------------------------------------------------------------------
3-41 Name: Cesar Perez x
3-42 Representing: TAMACC
3-43 City: Rio Grande City
3-44 -------------------------------------------------------------------
3-45 Name: Jose A. Sena x
3-46 Representing: TAMACC/Dallas Hisp. Chamber
3-47 City: Dallas
3-48 -------------------------------------------------------------------
3-49 Name: Charlie Ponzio x
3-50 Representing: El Paso Hispanic Chamber
3-51 City: El Paso
3-52 -------------------------------------------------------------------
3-53 Name: Marco A. Arredondo x
3-54 Representing: Corpus Hispanic Chamber
3-55 City: Corpus Christi
3-56 -------------------------------------------------------------------
3-57 Name: Berto Guerra x
3-58 Representing: TAMACC
3-59 City: Austin
3-60 -------------------------------------------------------------------
3-61 FOR AGAINST ON
3-62 ___________________________________________________________________
3-63 Name: Lydia Marie Trevino x
3-64 Representing: Seguin
3-65 City: Seguin
3-66 -------------------------------------------------------------------
3-67 Name: Henry G. Flores x
3-68 Representing: Austin Hispanic Chamber
3-69 City: Austin
3-70 -------------------------------------------------------------------
4-1 Name: Ronald J. Alonzo x
4-2 Representing: Fort Worth Hispanic Chamber
4-3 City: Fort Worth
4-4 -------------------------------------------------------------------
4-5 Name: Jose F. Molina x
4-6 Representing: Odessa MANO
4-7 City: Odessa
4-8 -------------------------------------------------------------------
4-9 Name: Dan Sotomayor x
4-10 Representing: TAMACC, El Paso Chamber
4-11 City: El Paso
4-12 -------------------------------------------------------------------
4-13 Name: Larry E. Romero x
4-14 Representing: El Paso Hispanic Chamber
4-15 City: El Paso
4-16 -------------------------------------------------------------------
4-17 Name: Anthony D. Lyons x
4-18 Representing: Law Office of Anthony D. Lyons
4-19 City: Dallas
4-20 -------------------------------------------------------------------
4-21 Name: Jesse Miranda x
4-22 Representing: Miranda, Inc.
4-23 City: Austin
4-24 -------------------------------------------------------------------
4-25 Name: John Knox x
4-26 Representing: Universal Surety of America
4-27 City: Houston
4-28 -------------------------------------------------------------------
4-29 Name: Robert Bass x
4-30 Representing: Lumberman's Assoc. of Tx
4-31 City: Austin, Tx.
4-32 -------------------------------------------------------------------