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79R3675 JJT-D

By:  Lucio                                                      S.J.R. No. 37 



A JOINT RESOLUTION

proposing a constitutional amendment authorizing the issuance of 
additional obligations to provide financial assistance to counties 
for roadways to serve border colonias.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Subsection (a), Section 49-l, Article III, Texas 
Constitution, is amended to read as follows:
	(a)  To fund financial assistance to counties for roadways to 
serve border colonias, the legislature by general law may authorize 
the governor to authorize the Texas Public Finance Authority or its 
successor to issue general obligation bonds or notes of the State of 
Texas in an aggregate amount not to exceed $600.9 [$175] million and 
to enter into related credit agreements.  Except as provided by 
Subsection (c) of this section, the proceeds from the sale of the 
bonds and notes may be used only to provide financial assistance to 
counties for border colonia roadway projects, including projects to 
provide access roads to connect border colonias with public roads 
outside the colonias.  Projects may include the construction of 
colonia roads and access roads, the acquisition of materials used 
in maintaining colonia roads and access roads, and projects related 
to the construction of colonia roads and access roads, such as 
projects for the drainage of the roads.
	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 permit voting for or against the 
proposition:  "The constitutional amendment providing for the 
issuance of $425.9 million in additional bonds for roadway needs in 
border colonias."