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."