74R8855 RJA-D
          By Patterson, Black, Brimer, Kubiak, Giddings         H.J.R. No. 98
          Substitute the following for H.J.R. No. 98:
          By Black                                          C.S.H.J.R. No. 98
                                   A JOINT RESOLUTION
    1-1  proposing a constitutional amendment relating to centralizing loan
    1-2  and loan guarantee programs of the state.
    1-3        BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Article III, Texas Constitution, is amended by
    1-5  adding Section 52-c to read as follows:
    1-6        Sec. 52-c.  Notwithstanding any other provision of this
    1-7  constitution, the legislature may by general law provide for the
    1-8  centralization of all loan and loan guarantee programs of the
    1-9  state.  The legislature may provide that all administrative
   1-10  services, including the approval of applicants and the servicing of
   1-11  loans, and the issuance of bonds and all powers and duties related
   1-12  to the issuance of the bonds may be performed by a single agency or
   1-13  by one or more agencies as the legislature determines.  An
   1-14  authorization in this constitution to issue bonds for a loan or
   1-15  loan guarantee program or to implement and administer such a
   1-16  program is not affected by this provision except to the extent the
   1-17  legislature provides that the issuance, implementation, or
   1-18  administration be performed by an agency other than that provided
   1-19  by the authorization.
   1-20        SECTION 2.  This proposed constitutional amendment shall be
   1-21  submitted to the voters at an election to be held on November 7,
   1-22  1995.  The ballot shall be printed to permit voting for or against
   1-23  the proposition:  "The constitutional amendment authorizing the
   1-24  legislature to centralize state agency loan and loan guarantee
    2-1  programs."