By Patterson                                          H.J.R. No. 98
       74R7766 RJA-D
                                  A JOINT RESOLUTION
    1-1  proposing a constitutional amendment relating to consolidation of
    1-2  loan 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.  The legislature may provide for a centralized
    1-7  agency for loan and loan guarantee programs of the state.  The
    1-8  agency shall provide all administrative services for state-funded
    1-9  loan and loan guarantee programs, including the approval of
   1-10  applicants and the servicing of the loans.  The legislature may
   1-11  transfer to the agency the powers and duties under this
   1-12  constitution relating to the issuance of bonds to fund a loan or
   1-13  loan guarantee program of the state.
   1-14        SECTION 2.  This proposed constitutional amendment shall be
   1-15  submitted to the voters at an election to be held on November 7,
   1-16  1995.  The ballot shall be printed to permit voting for or against
   1-17  the proposition:  "The constitutional amendment authorizing the
   1-18  legislature to create a central agency for state-funded loan and
   1-19  loan guarantee programs."