By Patterson                                          H.J.R. No. 92
       74R6062 RJA-D
                                  A JOINT RESOLUTION
    1-1  proposing a constitutional amendment relating to the use of
    1-2  proceeds of bonds issued for financing of farm and ranch land.
    1-3        BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 49-f, Article  III, Texas Constitution,
    1-5  is amended by adding Subsection (g) to read as follows:
    1-6        (g)  Notwithstanding Subsections (a) and (b) of this section,
    1-7  the proceeds of $200 million of the bonds authorized by this
    1-8  section may be used for the purposes provided by Section 49-i of
    1-9  this article, and the proceeds of bonds issued for those purposes
   1-10  under this subsection shall be deposited in the Texas agricultural
   1-11  fund to be administered in the same manner that proceeds of bonds
   1-12  issued under Section 49-i of this article are administered.
   1-13        SECTION 2.  This proposed constitutional amendment shall be
   1-14  submitted to the voters at an election to be held on November 7,
   1-15  1995.  The ballot shall be printed to permit voting for or against
   1-16  the proposition:  "The constitutional amendment expanding the use
   1-17  of bond proceeds of the farm and ranch finance program to include
   1-18  financial  assistance for the expansion, development, and
   1-19  diversification of production, processing, marketing, and export of
   1-20  Texas agricultural products."
   1-21                       COMMITTEE AMENDMENT NO. 1
   1-22        Amend H.J.R. 92 as follows:
   1-23        (1)  On page 1, line 16, beginning with the word "The",
   1-24  strike lines 16 through 20.
    2-1        (2)  On page 1, line 16, following the word "proposition",
    2-2  insert the following:
    2-3  "The constitutional amendment including diversifying the
    2-4  production, processing, marketing and export of Texas agricultural
    2-5  products and other rural economic development programs as
    2-6  authorized uses of farm and ranch finance program bonds approved by
    2-7  the voters in 1989."
    2-8                                                             Swinford