Bill Text: TX SJR4 | 2011-2012 | 82nd Legislature | Enrolled
Bill Title: Proposing a constitutional amendment providing for the issuance of additional general obligation bonds by the Texas Water Development Board.
Sponsorship: Bipartisan Bill
Status: (Enrolled - Dead) 2011-05-09 - Filed with the Secretary of State [SJR4 Detail]
Download: Texas-2011-SJR4-Enrolled.html
| S.J.R. No. 4 | ||
| proposing a constitutional amendment providing for the issuance of | ||
| additional general obligation bonds by the Texas Water Development | ||
| Board. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article III, Texas Constitution, is amended by | ||
| adding Section 49-d-11 to read as follows: | ||
| Sec. 49-d-11. (a) In addition to the bonds authorized by | ||
| the other provisions of this article, the Texas Water Development | ||
| Board may issue general obligation bonds, at its determination and | ||
| on a continuing basis, for one or more accounts of the Texas Water | ||
| Development Fund II in amounts such that the aggregate principal | ||
| amount of the bonds issued by the board under this section that are | ||
| outstanding at any time does not exceed $6 billion. | ||
| (b) Section 49-d-8 of this article applies to the bonds | ||
| authorized by this section. The limitation in Section 49-d-8 of | ||
| this article that the Texas Water Development Board may not issue | ||
| bonds in excess of the aggregate principal amount of previously | ||
| authorized bonds does not apply to the bonds authorized by and | ||
| issued under this section. | ||
| (c) A limitation on the percentage of state participation in | ||
| any single project imposed by this article does not apply to a | ||
| project funded with the proceeds of bonds issued under the | ||
| authority of this section or Section 49-d-8 of this article. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 8, 2011. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment providing for the | ||
| issuance of additional general obligation bonds by the Texas Water | ||
| Development Board in an amount not to exceed $6 billion at any time | ||
| outstanding." | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.J.R. No. 4 was adopted by the Senate | ||
| on April 28, 2011, by the following vote: Yeas 30, Nays 1. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.J.R. No. 4 was adopted by the House | ||
| on May 5, 2011, by the following vote: Yeas 141, Nays 1, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
