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

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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 - Dead) 2019-05-14 - Filed with the Secretary of State [HJR12 Detail]

Download: Texas-2019-HJR12-Enrolled.html

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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