By Romo H.J.R. No. 73
74R4093 RJA-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment reducing the amount of general
1-2 obligation bonds authorized for the issuance for undertakings
1-3 related to a superconducting super collider research facility.
1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 49-g(a), Article III, Texas Constitution,
1-6 as adopted pursuant to H.J.R. No. 88, Acts of the 70th Legislature,
1-7 Regular Session, 1987, is amended to read as follows:
1-8 (a) The legislature may authorize (1) the appropriate agency
1-9 to issue up to $250 <$500> million in general obligation bonds and
1-10 to use the proceeds of the bonds (without further appropriation) to
1-11 establish a superconducting super collider fund to be used in any
1-12 manner appropriate to fund undertakings related to a
1-13 superconducting super collider research facility sponsored or
1-14 authorized by the United States government, and (2) the appropriate
1-15 agency to grant land or property, whether or not acquired from
1-16 proceeds of the bonds, to the United States government for
1-17 undertakings related to a superconducting super collider research
1-18 facility. The superconducting super collider fund shall contain a
1-19 project account, an interest and sinking account and such other
1-20 accounts as may be authorized by the legislature. The fund shall
1-21 be composed of the proceeds of the bonds authorized by this
1-22 section, together with any income from investment of money in the
1-23 fund, amounts received pursuant to Subsection (b) hereof, and any
1-24 other amounts authorized to be deposited in the fund by the
2-1 legislature.
2-2 SECTION 2. This proposed constitutional amendment shall be
2-3 submitted to the voters at an election to be held November 7, 1995.
2-4 The ballot shall be printed to permit voting for or against the
2-5 proposition: "The constitutional amendment reducing the amount of
2-6 general obligation bonds authorized for undertakings related to the
2-7 superconducting super collider research facility from $500 million
2-8 to $250 million."