By Harris of Dallas, Lucio S.J.R. No. 44
Substitute the following for S.J.R. No. 44:
By Swinford C.S.S.J.R. No. 44
A JOINT RESOLUTION
1-1 proposing a constitutional amendment relating to the total
1-2 principal amount of bonds and notes authorized to be issued or sold
1-3 for the support of the Texas agricultural fund.
1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Article III, Section 49-i(b), of the Texas
1-6 Constitution is amended to read as follows:
1-7 (b) The total principal amount of bonds and notes that may
1-8 be issued or sold <outstanding at one time> may not exceed $100
1-9 <$25> million for the Texas agricultural fund and $5 million for
1-10 the rural microenterprise development fund.
1-11 SECTION 2. This proposed constitutional amendment shall be
1-12 submitted to the voters at an election to be held on November 2,
1-13 1993. The ballot shall be printed to provide for voting for or
1-14 against the proposition: "The constitutional amendment authorizing
1-15 up to a total of $100 million in bonds and notes to be issued or
1-16 sold to finance the Texas agricultural fund for providing financial
1-17 assistance to develop, increase, improve, or expand the production,
1-18 processing, marketing, or export of crops or products grown or
1-19 produced primarily in this state by agricultural businesses
1-20 domiciled in the state."