By:  Lucio                                                      S.J.R. No. 12 
	(In the Senate - Filed June 21, 2005; June 23, 2005, read 
first time and referred to Committee on International Relations and 
Trade; June 29, 2005, reported favorably by the following vote:  
Yeas 5, Nays 0; June 29, 2005, sent to printer.)


SENATE JOINT RESOLUTION


proposing a constitutional amendment providing for the issuance of 
additional general obligation bonds by the Texas Water Development 
Board to provide assistance to economically distressed areas.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Article III, Texas Constitution, is amended by 
adding Section 49-d-10 to read as follows:
	Sec. 49-d-10.  (a)  The Texas Water Development Board may 
issue additional general obligation bonds, at its determination, 
for the economically distressed areas program account of the Texas 
Water Development Fund II, in an amount not to exceed $785 million.  
The bonds shall be used to provide financial assistance to 
economically distressed areas of the state as defined by law.
	(b)  Section 49-d-8(e) of this article applies to the bonds 
authorized by this section.
	SECTION 2.  This proposed constitutional amendment shall be 
submitted to the voters at an election to be held November 8, 2005.  
The ballot shall be printed to provide for voting for or against the 
proposition:  "The constitutional amendment providing for the 
issuance of additional general obligation bonds by the Texas Water 
Development Board in an amount not to exceed $785 million to provide 
assistance to economically distressed areas."



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