A JOINT RESOLUTION
 1-1     proposing a constitutional amendment providing for the issuance of
 1-2     additional general obligation bonds by the Texas Water Development
 1-3     Board.
 1-4           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Article III, Texas Constitution, is amended by
 1-6     adding Section 49-d-9 to read as follows:
 1-7           Sec. 49-d-9. (a)  The Texas Water Development Board may issue
 1-8     additional general obligation bonds, at its determination, for one
 1-9     or more accounts of the Texas Water Development Fund II, in an
1-10     amount not to exceed $2 billion.  Of the additional general
1-11     obligation bonds authorized to be issued, $50 million of those
1-12     bonds shall be used for the water infrastructure fund as provided
1-13     by law.
1-14           (b)  Section 49-d-8 of this article applies to the bonds
1-15     authorized by this section.  The limitation in Section 49-d-8 of
1-16     this article that the Texas Water Development Board may not issue
1-17     bonds in excess of the aggregate principal amount of previously
1-18     authorized bonds does not apply to the bonds authorized by and
1-19     issued under this section.
1-20           (c)  A limitation on the percentage of state participation in
1-21     any single project imposed by this article does not apply to a
1-22     project funded with the proceeds of bonds issued under the
1-23     authority of Section 49-d-8 of this article or this section.
1-24           SECTION 2. This proposed constitutional amendment shall be
 2-1     submitted to the voters at an election to be held November 6, 2001.
 2-2     The ballot shall be printed to provide for voting for or against
 2-3     the proposition: "The constitutional amendment providing for the
 2-4     issuance of additional general obligation bonds by the Texas Water
 2-5     Development Board in an amount not to exceed $2 billion."
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I certify that H.J.R. No. 81 was passed by the House on April
         23, 2001, by the following vote:  Yeas 144, Nays 0, 1 present, not
         voting; and that the House concurred in Senate amendments to
         H.J.R. No. 81 on May 26, 2001, by the following vote:  Yeas 146,
         Nays 0, 1 present, not voting.
                                             _______________________________
                                                 Chief Clerk of the House
               I certify that H.J.R. No. 81 was passed by the Senate, with
         amendments, on May 16, 2001, by the following vote:  Yeas 30, Nays
         0, 1 present, not voting.
                                             _______________________________
                                                 Secretary of the Senate
         RECEIVED:  _____________________
                            Date
                    _____________________
                      Secretary of State