Texas Constitution:Article III, Section 50-d: Difference between revisions

Texas Constitution:Article III, Section 50-d (view source)

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 '''(b) The proceeds from the sale of Texas Agricultural Water Conservation Bonds shall be deposited in a fund created in the State Treasury to be known as the Agricultural Water Conservation Fund.'''
-'''(c) Texas Agricultural Water Conservation Bonds are general obligations of the State of Texas. During the time that Texas Agricultural Water Conservation Bonds or any interest on those bonds is outstanding or unpaid, there is appropriated out of the first money coming into the State Treasury in each fiscal year, not otherwise appropriated by this constitution, an amount that is sufficient to pay the principal of and interest on those bonds that mature or become due during that fiscal year.'''
+'''(c) Texas Agricultural Water Conservation Bonds are general obligations of the State of Texas. During the time that Texas Agricultural Water Conservation Bonds or any interest on those bonds is outstanding or unpaid, there is appropriated out of the first money coming into the State Treasury in each fiscal year, not otherwise appropriated by this Constitution, an amount that is sufficient to pay the principal of and interest on those bonds that mature or become due during that fiscal year.'''
 '''(d) The terms, conditions, provisions, and procedures for issuance and sale and management of proceeds of Texas Agricultural Water Conservation Bonds shall be provided by law.'''