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."