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A JOINT RESOLUTION
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proposing a constitutional amendment relating to the financing, |
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including through tax increment financing, of the acquisition by |
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municipalities and counties of buffer areas or open spaces adjacent |
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to a military installation for certain purposes. |
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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 52k to read as follows: |
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Sec. 52k. The legislature by general law may authorize a |
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municipality or county to issue bonds or notes to finance the |
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acquisition of buffer areas or open spaces adjacent to a military |
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installation for the prevention of encroachment or for the |
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construction of roadways, utilities, or other infrastructure to |
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protect or promote the mission of the military installation. The |
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municipality or county may pledge increases in ad valorem tax |
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revenues imposed in the area by the municipality, county, or other |
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political subdivisions for repayment of the bonds or notes. |
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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 3, 2009. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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financing, including through tax increment financing, of the |
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acquisition by municipalities and counties of buffer areas or open |
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spaces adjacent to a military installation for the prevention of |
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encroachment or for the construction of roadways, utilities, or |
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other infrastructure to protect or promote the mission of the |
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military installation." |