Bill Text: TX SJR48 | 2015-2016 | 84th Legislature | Comm Sub

Texas Senate Joint Resolution 48 (Prior Session Legislation)

Bill Title: Proposing a constitutional amendment authorizing the issuance of additional obligations to provide financial assistance to counties for roadways to serve border colonias.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2015-05-19 - Not again placed on intent calendar [SJR48 Detail]

Download: Texas-2015-SJR48-Comm_Sub.html



	By: Lucio	S.J.R. No. 48
	(In the Senate - Filed March 12, 2015; March 18, 2015, read
	first time and referred to Committee on Intergovernmental
	Relations; April 29, 2015, reported favorably by the following
	vote: Yeas 5, Nays 2; April 29, 2015, sent to printer.)
Click here to see the committee vote


	SENATE JOINT RESOLUTION


	proposing a constitutional amendment authorizing the issuance of
	additional obligations to provide financial assistance to counties
	for roadways to serve border colonias.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 49-l(a), Article III, Texas
	Constitution, is amended to read as follows:
	(a) To fund financial assistance to counties for roadways to
	serve border colonias, the legislature by general law may authorize
	the governor to authorize the Texas Public Finance Authority or its
	successor to issue general obligation bonds or notes of the State of
	Texas in an aggregate amount not to exceed $275 [~~$175~~] million and
	to enter into related credit agreements. Except as provided by
	Subsection (c) of this section, the proceeds from the sale of the
	bonds and notes may be used only to provide financial assistance to
	counties for border colonia roadway projects, including projects to
	provide access roads to connect border colonias with public roads
	outside the colonias. Projects may include the construction of
	colonia roads and access roads, the acquisition of materials used
	in maintaining colonia roads and access roads, and projects related
	to the construction of colonia roads and access roads, such as
	projects for the drainage of the roads.
	SECTION 2. This proposed constitutional amendment shall be
	submitted to the voters at an election to be held November 3, 2015.
	The ballot shall be printed to permit voting for or against the
	proposition: "The constitutional amendment providing for the
	authorization of the issuance of $100 million in additional bonds
	for roadway needs in border colonias."

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