Bill Text: TX HJR141 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the issuance of general obligation bonds for conducting a program to create additional housing for individuals with an intellectual or developmental disability.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2019-04-23 - No action taken in committee [HJR141 Detail]
Download: Texas-2019-HJR141-Introduced.html
| By: J. Johnson of Dallas | H.J.R. No. 141 | |
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| proposing a constitutional amendment authorizing the issuance of | ||
| general obligation bonds for conducting a program to create | ||
| additional housing for individuals with an intellectual or | ||
| developmental disability. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article III, Texas Constitution, is amended by | ||
| adding Section 68 to read as follows: | ||
| Sec. 68. (a) The legislature by general law may authorize | ||
| the Texas Public Finance Authority or its successor in function to | ||
| provide for, issue, and sell general obligation bonds of the State | ||
| of Texas in an amount not to exceed $10 million for the purpose of | ||
| funding a program to create additional housing for individuals with | ||
| an intellectual or developmental disability. | ||
| (b) Proceeds from the sale of the bonds shall be deposited | ||
| in separate funds or accounts, as provided by general law, in the | ||
| state treasury to be used by the Health and Human Services | ||
| Commission or its successor in function to conduct the program | ||
| described by this section. | ||
| (c) The bond proceeds may be used to pay the costs of issuing | ||
| the bonds and any administrative expense related to the bonds. | ||
| (d) While any of the bonds or interest on the bonds | ||
| authorized by this section is outstanding and unpaid, from the | ||
| first money coming into the state treasury in each fiscal year not | ||
| otherwise appropriated by this constitution, an amount sufficient | ||
| to pay the principal of and interest on bonds that mature or become | ||
| due during the fiscal year and to make payments that become due | ||
| under a related credit agreement during the fiscal year is | ||
| appropriated, less the amount in the sinking fund at the close of | ||
| the previous fiscal year. | ||
| (e) Bonds issued under this section, after approval by the | ||
| attorney general, registration by the comptroller of public | ||
| accounts, and delivery to the purchasers, are incontestable and are | ||
| general obligations of the State of Texas under this constitution. | ||
| (f) The Texas Public Finance Authority shall consider using | ||
| a business whose principal place of business is located in this | ||
| state to issue the bonds authorized by this section and shall | ||
| include using a historically underutilized business as defined by | ||
| general law. | ||
| 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 | ||
| issuance of general obligation bonds for conducting a program to | ||
| create additional housing for individuals with an intellectual or | ||
| developmental disability." | ||
