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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the state or a |
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municipality or county to donate certain property to the United |
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States to promote border crossing security or international bridge |
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trade corridors, to issue public securities to finance the |
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acquisition or construction of that property, and to use public |
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money to make certain payments related to public-private |
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partnerships. |
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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 Sections 52m and 52n to read as follows: |
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Sec. 52m. (a) The state or a municipality or county may |
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unconditionally donate to the United States to promote border |
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crossing security or international bridge trade corridors: |
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(1) real property acquired by and improvements to that |
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property acquired or constructed by the state or the municipality |
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or county; and |
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(2) technology or equipment acquired by the state or |
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the municipality or county. |
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(b) For the purposes described by Subsection (a) of this |
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section, the state or a municipality or county may issue public |
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securities as provided under general law for financing public works |
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to: |
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(1) finance the acquisition of property described by |
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that subsection or the construction of improvements described by |
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that subsection; or |
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(2) refund or refinance existing debt incurred by the |
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state or the municipality or county to acquire property described |
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by that subsection or to construct improvements described by that |
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subsection. |
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Sec. 52n. The state or a municipality or county may use |
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public money to pay lease payments, service payments, user fees, |
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debt service, or other costs associated with a public-private |
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partnership. |
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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 7, 2017. |
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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 state |
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or a municipality or county to unconditionally donate to the United |
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States certain property acquired or constructed by the state or the |
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municipality or county to promote border crossing security or |
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international bridge trade corridors, to issue public securities to |
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finance the acquisition or construction of that property, and to |
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|
use public money to make certain payments related to public-private |
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|
partnerships." |