87R3082 JAM-D
 
  By: Canales H.J.R. No. 99
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing a county to
  finance the development or redevelopment of unproductive,
  underdeveloped, or blighted areas in the county; authorizing the
  issuance of bonds and notes.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1-g(b), Article VIII, Texas
  Constitution, is amended to read as follows:
         (b)  The legislature by general law may authorize a county or
  an incorporated city or town to issue bonds or notes to finance the
  development or redevelopment of an unproductive, underdeveloped,
  or blighted area within the county, city, or town and to pledge for
  repayment of those bonds or notes increases in ad valorem tax
  revenues imposed on property in the area by the county, city, or
  town and other political subdivisions.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 2, 2021.
  The ballot shall be printed to provide for voting for or against the
  proposition: "The constitutional amendment authorizing a county to
  finance the development or redevelopment of unproductive,
  underdeveloped, or blighted areas in the county."