77R11295 QS-D By Counts H.J.R. No. 81 Substitute the following for H.J.R. No. 81: By Wise C.S.H.J.R. No. 81 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. 1-11 (b) Section 49-d-8 of this article applies to the bonds 1-12 authorized by this section. The limitation in Section 49-d-8 of 1-13 this article that the Texas Water Development Board may not issue 1-14 bonds in excess of the aggregate principal amount of previously 1-15 authorized bonds does not apply to the bonds authorized by and 1-16 issued under this section. 1-17 (c) A limitation on the percentage of state participation in 1-18 any single project imposed by this article does not apply to a 1-19 project funded with the proceeds of bonds issued under the 1-20 authority of Section 49-d-8 of this article or this section. 1-21 SECTION 2. This proposed constitutional amendment shall be 1-22 submitted to the voters at an election to be held November 6, 2001. 2-1 The ballot shall be printed to provide for voting for or against 2-2 the proposition: "The constitutional amendment providing for the 2-3 issuance of additional general obligation bonds by the Texas Water 2-4 Development Board in an amount not to exceed $2 billion."