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."
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