Bill Text: TX HJR99 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Proposing a constitutional amendment providing for the issuance of general obligation bonds to finance pay-for-performance contracts for certain programs and services for health programs.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-04-01 - Left pending in committee [HJR99 Detail]
Download: Texas-2013-HJR99-Introduced.html
| By: Villarreal | H.J.R. No. 99 | |
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| proposing a constitutional amendment providing for the issuance of | ||
| general obligation bonds to finance pay-for-performance contracts | ||
| for certain programs and services for health programs. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Article III, Texas Constitution, is amended by | ||
| adding Section 49-q to read as follows: | ||
| Sec. 49-q. (a) The legislature by general law may authorize | ||
| the Pay-for-Performance Advisory Committee to contract with a third | ||
| party to provide for, issue, and sell general obligation bonds of | ||
| the State of Texas in an amount not to exceed $100 million, and to | ||
| enter into related credit agreements, to fund programs and services | ||
| for health programs. The bonds shall be executed in the form, on | ||
| the terms, and in the denominations, and bear interest and be issued | ||
| in installments, as prescribed by the Texas Public Finance | ||
| Authority. | ||
| (b) The comptroller of public accounts shall create a | ||
| special fund in the state treasury for the deposit of the proceeds | ||
| from the sale of the bonds. Money in the fund may be appropriated | ||
| only to pay: | ||
| (1) for pay-for-performance contracts authorized by | ||
| general law for the operation of programs or provision of services, | ||
| the primary purpose of which is health care, preventive services, | ||
| or other health promotion programs; or | ||
| (2) the principal of or interest on the bonds. | ||
| (c) The comptroller of public accounts may invest money in | ||
| the fund and shall credit to the fund income from the investments. | ||
| (d) The maximum net effective interest rate to be borne by | ||
| bonds issued under this section may not exceed the maximum rate | ||
| provided by general law. | ||
| (e) The comptroller of public accounts may establish and | ||
| invest an interest and sinking fund to pay the bonds. | ||
| (f) While any of the bonds or interest on the bonds | ||
| authorized by this section is outstanding and unpaid, from the | ||
| first money coming into the state treasury in each state fiscal year | ||
| not otherwise appropriated by this constitution, an amount | ||
| sufficient to pay the principal and interest on bonds that mature or | ||
| become due during the fiscal year and to make payments that become | ||
| due under a related credit agreement during the fiscal year is | ||
| appropriated, less the amount in the sinking fund at the close of | ||
| the previous fiscal year. | ||
| (g) Bonds issued under this section, after approval by the | ||
| attorney general, registration by the comptroller of public | ||
| accounts, and delivery to the purchasers, are incontestable and are | ||
| general obligations of the State of Texas under this constitution. | ||
| 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 providing for the | ||
| issuance of general obligation bonds to finance | ||
| pay-for-performance contracts for certain programs and services | ||
| for certain offenders." | ||
