Bill Text: TX HJR64 | 2013-2014 | 83rd Legislature | Introduced

Texas House Joint Resolution 64 (Prior Session Legislation)

Introduced

Bill Title: Proposing a constitutional amendment discontinuing the authority to issue bonded indebtedness on behalf of the Cancer Prevention and Research Institute of Texas.

Sponsorship: Partisan Bill (Republican 2)

Status: (Introduced - Dead) 2013-02-25 - Referred to State Affairs [HJR64 Detail]

Download: Texas-2013-HJR64-Introduced.html

	83R2700 CJC-D

	By: Laubenberg	H.J.R. No. 64



	A JOINT RESOLUTION
	proposing a constitutional amendment discontinuing the authority
	to issue bonded indebtedness on behalf of 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 $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. The Texas Public Finance Authority
	may not provide for, issue, or sell general obligation bonds,
	except for refunding bonds, under this subsection after January 1,
	2014.
	SECTION 2. This proposed constitutional amendment shall be
	submitted to the voters at an election to be held November 5, 2013.
	The ballot shall be printed to permit voting for or against the
	proposition: "The constitutional amendment discontinuing the
	authority to issue bonded indebtedness on behalf of the Cancer
	Prevention and Research Institute of Texas."