By: Deuell S.J.R. No. 44
SENATE JOINT RESOLUTION
proposing a constitutional amendment providing authorization for a
county to issue bonds or notes to finance the development or
redevelopment of an unproductive, underdeveloped, or blighted area
within the county.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subsection (b), Section 1-g, Article VIII, Texas
Constitution, is amended to read as follows:
(b) The legislature by general law may authorize an
incorporated city or town or a county to issue bonds or notes to
finance the development or redevelopment of an unproductive,
underdeveloped, or blighted area within the city, [or] town, or
county and to pledge for repayment of those bonds or notes increases
in ad valorem tax revenues imposed on property in the area by the
city, [or] town, county, or [and] other political subdivisions.
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
authorization for a county to issue bonds or notes to finance the
development or redevelopment of an unproductive, underdeveloped,
or blighted area within the county."