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Amend SJR 50, in SECTION 1 of the resolution, in added Section
49-d-11, Article III, Texas Constitution (committee printing page
1, between lines 32 and 33), by adding Subsections (e) and (f) to
read as follows:
(e) Except as provided by Subsection (f) of this section, no
bonds shall be issued under the authority of this section for the
purpose of augmenting the state participation account of the Texas
Water Development Fund II or the water infrastructure fund unless
the legislature by general law dedicates portions of the state's
revenues in support of debt service on bonds issued for such
purpose. Portions of the state's revenue dedicated as provided by
this subsection may be used as provided by this section and Section
49-d-8 of this article without further appropriation.
(f) Subsection (e) of this section does not apply to bonds
issued under authority of this section that at the time of their
issuance are not state debt payable from the general revenue fund
within the meaning of Section 49-j of this article.