TO: | Honorable Steve Ogden, Chair, Senate Committee on Finance |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SJR53 by Van de Putte (Proposing a constitutional amendment authorizing the issuance of general obligation bonds to provide and guarantee loans to encourage the use of carbon-free hydrogen energy.), As Introduced |
The cost to the state for publication of the resolution is $77,468.
House Joint Resolution 93 amends the Texas Constitution to authorize the Texas Public Finance Authority to issue up to $250 million in general obligation bonds and enter into related credit agreements to make loans to businesses for projects to expand the use of carbon-free hydrogen energy in the state. As proposed, HJR 93 would be submitted to the voters at an election to be held November 6, 2007.
Source Agencies: | 347 Public Finance Authority
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LBB Staff: | JOB, CT, JW
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