By: Harris, Ike S.J.R. No. 44
73R3861 CAS-F
A JOINT RESOLUTION
1-1 proposing a constitutional amendment providing for an increase in
1-2 the principal amount of bonds for the support of the Texas
1-3 agricultural fund that may be outstanding at one time.
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 principal amount of bonds outstanding at one time
1-8 may not exceed $250 <$25> million for the Texas agricultural fund
1-9 and $5 million for the rural microenterprise development fund.
1-10 SECTION 2. This proposed constitutional amendment shall be
1-11 submitted to the voters at an election to be held on November 2,
1-12 1993. The ballot shall be printed to provide for voting for or
1-13 against the proposition: "The constitutional amendment authorizing
1-14 up to $250 million in outstanding general obligation bonds to
1-15 finance the Texas agricultural fund for providing financial
1-16 assistance to develop, increase, improve, or expand the production,
1-17 processing, marketing, or export of crops or products grown or
1-18 produced primarily in this state by agricultural businesses
1-19 domiciled in the state."