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SENATE JOINT RESOLUTION
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proposing a constitutional amendment providing for the issuance of |
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additional general obligation bonds by the Texas Water Development |
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Board to provide assistance to economically distressed areas. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article III, Texas Constitution, is amended by |
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adding Section 49-d-10 to read as follows: |
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Sec. 49-d-10. (a) The Texas Water Development Board may |
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issue additional general obligation bonds, at its determination, |
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for the economically distressed areas program account of the Texas |
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Water Development Fund II, in an amount not to exceed $250 million. |
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The bonds shall be used to provide financial assistance to |
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economically distressed areas of the state as defined by law. |
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(b) Section 49-d-8(e) of this article applies to the bonds |
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authorized by this section. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 6, 2007. |
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The ballot shall be printed to provide for voting for or against the |
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proposition: "The constitutional amendment providing for the |
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issuance of additional general obligation bonds by the Texas Water |
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Development Board in an amount not to exceed $250 million to provide |
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assistance to economically distressed areas." |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.J.R. No. 20 was adopted by the Senate |
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on March 27, 2007, by the following vote: Yeas 30, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.J.R. No. 20 was adopted by the House |
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on May 14, 2007, by the following vote: Yeas 113, Nays 22, one |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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