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Texas Constitution:Article III, Section 49: Difference between revisions
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Texas Constitution:Article III, Section 49 (view source)
Revision as of 14:18, August 7, 2023
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As adopted in 1876, this section read: "No debt shall be created by or on behalf of the State, except to supply casual deficiencies of revenue, repel invasion, suppress insurrection, defend the State in war, or pay existing debt; and the debt created to supply deficiencies in the revenue, shall never exceed in the aggregate at any one time two hundred thousand dollars." It has been amended once. The 1991 amendment modified the original text and added Subsections (b)-(g). | As adopted in 1876, this section read: "No debt shall be created by or on behalf of the State, except to supply casual deficiencies of revenue, repel invasion, suppress insurrection, defend the State in war, or pay existing debt; and the debt created to supply deficiencies in the revenue, shall never exceed in the aggregate at any one time two hundred thousand dollars." It has been amended once. The 1991 amendment modified the original text and added Subsections (b)-(g). | ||
Due to that amendment, numerous other amendments to the state constitution and a limited construction of it by the Supreme Court, this once important section currently has relatively little effect. Cf. Elizabeth Levatino & Steve Bickerstaff, ''The Proposed Constitution for Texas'', 29 Sw L.J. 477, [https://scholar.smu.edu/cgi/viewcontent.cgi?article=3577&context=smulr#page=30 505] (1975) ("Despite this apparently clear and absolute prohibition of significant state borrowing, the State | Due to that amendment, numerous other amendments to the state constitution and a limited construction of it by the Supreme Court, this once important section currently has relatively little effect. Cf. Elizabeth Levatino & Steve Bickerstaff, ''The Proposed Constitution for Texas'', 29 Sw L.J. 477, [https://scholar.smu.edu/cgi/viewcontent.cgi?article=3577&context=smulr#page=30 505] (1975) ("Despite this apparently clear and absolute prohibition of significant state borrowing, the State [], by August 1973, had accumulated over two billion dollars in outstanding debt."). | ||
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