By: Whitmire S.J.R. No. 45
73R6827 GWK-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment providing for the issuance of
1-2 general obligation bonds for acquiring, constructing, or equipping
1-3 corrections institutions and for major repair or renovation of
1-4 existing facilities of corrections institutions.
1-5 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-6 SECTION 1. Article III, Section 49-h, of the Texas
1-7 Constitution is amended by adding Subsection (e) to read as
1-8 follows:
1-9 (e)(1) The legislature may authorize the issuance of up to
1-10 $1 billion in general obligation bonds, in addition to the amount
1-11 authorized by Subsections (a) and (c) of this section, and use the
1-12 proceeds of the bonds for acquiring, constructing, or equipping new
1-13 corrections institutions and for major repair or renovation of
1-14 existing facilities of corrections institutions.
1-15 (2) The provisions of Subsection (a) of this section
1-16 relating to the review and approval of bonds and the provisions of
1-17 Subsection (b) of this section relating to the status of the bonds
1-18 as a general obligation of the state and to the manner in which the
1-19 principal and interest on the bonds are paid apply to bonds
1-20 authorized under this subsection.
1-21 SECTION 2. This proposed constitutional amendment shall be
1-22 submitted to the voters at an election to be held November 2, 1993.
1-23 The ballot shall be printed to provide for voting for or against
1-24 the proposition: "The constitutional amendment authorizing the
2-1 issuance of up to $1 billion in general obligation bonds payable
2-2 from the general revenues of the state for projects relating to
2-3 facilities of corrections institutions."