Bill Text: TX HJR12 | 2019-2020 | 86th Legislature | Enrolled


Bill Title: Proposing a constitutional amendment authorizing the legislature to increase the maximum bond amount authorized for the Cancer Prevention and Research Institute of Texas.

Spectrum: Bipartisan Bill

Status: (Enrolled) 2019-05-14 - Filed with the Secretary of State [HJR12 Detail]

Download: Texas-2019-HJR12-Enrolled.html
 
 
  H.J.R. No. 12
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to increase the maximum bond amount authorized for the Cancer
  Prevention and Research Institute of Texas.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 67(c), Article III, Texas Constitution,
  is amended to read as follows:
         (c)  The legislature by general law may authorize the Texas
  Public Finance Authority to provide for, issue, and sell general
  obligation bonds of the State of Texas on behalf of the Cancer
  Prevention and Research Institute of Texas in an amount not to
  exceed $6 [$3] billion and to enter into related credit agreements.
  The Texas Public Finance Authority may not issue more than $300
  million in bonds authorized by this subsection in a year. The bonds
  shall be executed in the form, on the terms, and in the
  denominations, bear interest, and be issued in installments as
  prescribed by the Texas Public Finance Authority.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 5, 2019.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to increase by $3 billion the maximum bond amount
  authorized for the Cancer Prevention and Research Institute of
  Texas."
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
 
         I certify that H.J.R. No. 12 was passed by the House on April
  16, 2019, by the following vote:  Yeas 130, Nays 15, 2 present, not
  voting.
 
  ______________________________
  Chief Clerk of the House   
 
 
         I certify that H.J.R. No. 12 was passed by the Senate on May
  10, 2019, by the following vote:  Yeas 31, Nays 0.
 
  ______________________________
  Secretary of the Senate    
  RECEIVED:  _____________________
                     Date         
   
            _____________________
              Secretary of State       
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