A JOINT RESOLUTION
 1-1     proposing a constitutional amendment authorizing the Veterans' Land
 1-2     Board to issue additional general obligation bonds and to use
 1-3     certain assets in certain funds to provide for veterans cemeteries.
 1-4           BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
 1-5           SECTION 1. Section 49-b, Article III, Texas Constitution, is
 1-6     amended by amending Subsection (s) and adding Subsection (w) to
 1-7     read as follows:
 1-8           (s)  If the Board determines that assets from the Veterans'
 1-9     Land Fund, the Veterans' Housing Assistance Fund, or the Veterans'
1-10     Housing Assistance Fund II are not required for the purposes of the
1-11     fund, the Board may:
1-12                 (1)  transfer the assets to another of those funds;
1-13                 (2)  [or] use the assets to secure revenue bonds issued
1-14     by the Board; or
1-15                 (3)  use the assets to plan and design, operate,
1-16     maintain, enlarge, or improve veterans cemeteries [under this
1-17     section].
1-18           (w)  In addition to the general obligation bonds authorized
1-19     to be issued and to be sold by the Veterans' Land Board by previous
1-20     constitutional amendments, the Veterans' Land Board may provide
1-21     for, issue, and sell general obligation bonds of the state to
1-22     provide home mortgage loans to veterans of the state.  The
1-23     principal amount of outstanding bonds authorized by this subsection
1-24     may not at any one time exceed $500 million.  The bond proceeds
 2-1     shall be deposited in or used to benefit and augment the Veterans'
 2-2     Housing Assistance Fund II and shall be administered and invested
 2-3     as provided by law.  Payments of principal and interest on the
 2-4     bonds, including payments made under a bond enhancement agreement
 2-5     with respect to principal of or interest on the bonds, shall be
 2-6     made from the sources and in the manner provided by this section
 2-7     for general obligation bonds issued for the benefit of the
 2-8     Veterans' Housing Assistance Fund II.
 2-9           SECTION 2. This proposed constitutional amendment shall be
2-10     submitted to the voters at an election to be held November 6, 2001.
2-11     The ballot shall be printed to permit voting for or against the
2-12     proposition:  "The constitutional amendment authorizing the
2-13     Veterans' Land Board to issue up to $500 million in general
2-14     obligation bonds payable from the general revenues of the state for
2-15     veterans' housing assistance and to use assets in certain veterans'
2-16     land and veterans' housing assistance funds to provide for veterans
2-17     cemeteries."
         _______________________________     _______________________________
             President of the Senate              Speaker of the House
               I certify that H.J.R. No. 82 was passed by the House on April
         4, 2001, by the following vote:  Yeas 146, Nays 0, 1 present, not
         voting; and that the House concurred in Senate amendments to
         H.J.R. No. 82 on May 25, 2001, by the following vote:  Yeas 110,
         Nays 0, 1 present, not voting.
                                             _______________________________
                                                 Chief Clerk of the House
               I certify that H.J.R. No. 82 was passed by the Senate, with
         amendments, on May 18, 2001, by the following vote:  Yeas 30, Nays
         0, 1 present, not voting.
                                             _______________________________
                                                 Secretary of the Senate
         RECEIVED:  _____________________
                            Date
                    _____________________
                      Secretary of State