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."