By Oliveira                                           H.J.R. No. 30
         76R2266 CBH-D                           
                                 A JOINT RESOLUTION
 1-1     proposing a constitutional amendment authorizing targeted tax
 1-2     incentives for economic development.
 1-3           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-4           SECTION 1.  Section 52-a, Article III, Texas Constitution, is
 1-5     amended to read as follows:
 1-6           Sec. 52-a.  Notwithstanding any other provision of this
 1-7     constitution, including Section 1(a), Article VIII, the legislature
 1-8     may provide for  the creation of programs, including targeted tax
 1-9     incentive programs, and the making of loans and grants of public
1-10     money, other than money  otherwise dedicated by this constitution
1-11     to use for a different purpose, for the public purposes of
1-12     development and diversification of the economy of the state, the
1-13     elimination of unemployment or underemployment in the state, the
1-14     stimulation of agricultural innovation, the fostering of the growth
1-15     of enterprises based on agriculture, or the development or
1-16     expansion of transportation or commerce in the state.  Any bonds or
1-17     other obligations of a county, municipality, or other political
1-18     subdivision of the state that are issued for the purpose of making
1-19     loans or grants in connection with a program authorized by the
1-20     legislature under this section and that are payable from ad valorem
1-21     taxes must be approved by a vote of the majority of the registered
1-22     voters of the county, municipality, or political subdivision voting
1-23     on the issue.  An enabling law enacted by the legislature in
1-24     anticipation of the adoption of this amendment is not void because
 2-1     of its anticipatory character.
 2-2           SECTION 2.  This proposed constitutional amendment shall be
 2-3     submitted to the voters at an election to be held November 2, 1999.
 2-4     The ballot shall be printed to permit voting for or against the
 2-5     proposition:  "Authorizing the legislature to enact targeted tax
 2-6     incentives for economic development."