Bill Amendment: TX HJR99 | 2021-2022 | 87th Legislature
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: Proposing a constitutional amendment authorizing a county to finance the development or redevelopment of transportation or infrastructure in unproductive, underdeveloped, or blighted areas in the county; authorizing the issuance of bonds and notes.
Status: 2021-06-01 - Filed with the Secretary of State [HJR99 Detail]
Download: Texas-2021-HJR99-Senate_Amendment_S_2_F1-Nichols.html
Bill Title: Proposing a constitutional amendment authorizing a county to finance the development or redevelopment of transportation or infrastructure in unproductive, underdeveloped, or blighted areas in the county; authorizing the issuance of bonds and notes.
Status: 2021-06-01 - Filed with the Secretary of State [HJR99 Detail]
Download: Texas-2021-HJR99-Senate_Amendment_S_2_F1-Nichols.html
Amend HJR 99 (senate committee report) in SECTION 1 of the resolution, following the period at the end of amended Section 1-g(b), Article VIII, Texas Constitution (page 1, line 31), by adding "A county that issues bonds or notes for transportation improvements under a general law authorized by this subsection may not:
(1) pledge for the repayment of those bonds or notes more than 65 percent of the increases in ad valorem tax revenues each year; or
(2) use proceeds from the bonds or notes to finance the construction, operation, maintenance, or acquisition of rights-of-way of a toll road.".
