1-1 By: Romo (Senate Sponsor - Moncrief) H.J.R. No. 73
1-2 (In the Senate - Received from the House April 27, 1995;
1-3 May 1, 1995, read first time and referred to Committee on Finance;
1-4 May 16, 1995, reported favorably by the following vote: Yeas 11,
1-5 Nays 0; May 16, 1995, sent to printer.)
1-6 HOUSE JOINT RESOLUTION
1-7 proposing a constitutional amendment reducing the amount of general
1-8 obligation bonds authorized for the issuance for undertakings
1-9 related to a superconducting super collider research facility.
1-10 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-11 SECTION 1. Section 49-g(a), Article III, Texas Constitution,
1-12 as adopted pursuant to H.J.R. No. 88, Acts of the 70th Legislature,
1-13 Regular Session, 1987, is amended to read as follows:
1-14 (a) The legislature may authorize (1) the appropriate agency
1-15 to issue up to $250 <$500> million in general obligation bonds and
1-16 to use the proceeds of the bonds (without further appropriation) to
1-17 establish a superconducting super collider fund to be used in any
1-18 manner appropriate to fund undertakings related to a
1-19 superconducting super collider research facility sponsored or
1-20 authorized by the United States government, and (2) the appropriate
1-21 agency to grant land or property, whether or not acquired from
1-22 proceeds of the bonds, to the United States government for
1-23 undertakings related to a superconducting super collider research
1-24 facility. The superconducting super collider fund shall contain a
1-25 project account, an interest and sinking account and such other
1-26 accounts as may be authorized by the legislature. The fund shall
1-27 be composed of the proceeds of the bonds authorized by this
1-28 section, together with any income from investment of money in the
1-29 fund, amounts received pursuant to Subsection (b) hereof, and any
1-30 other amounts authorized to be deposited in the fund by the
1-31 legislature.
1-32 SECTION 2. This proposed constitutional amendment shall be
1-33 submitted to the voters at an election to be held November 7, 1995.
1-34 The ballot shall be printed to permit voting for or against the
1-35 proposition: "The constitutional amendment reducing the amount of
1-36 general obligation bonds authorized for undertakings related to the
1-37 superconducting super collider research facility from $500 million
1-38 to $250 million."
1-39 * * * * *