Article III, Section 49-m of the Texas Constitution ("Notes and Loans for Texas Department of Transportation Functions")
Added September 13, 2003:
(a) The Legislature, by law, may authorize the Texas Transportation Commission or its successor to authorize the Texas Department of Transportation or its successor to issue notes or borrow money from any source to carry out the functions of the department.
(b) Notes issued or a loan obtained under this section may not have a term of more than two years. The Legislature may appropriate money dedicated by Sections 7-a and 7-b, Article VIII, of this Constitution for the purpose of paying a debt created by the notes or loan.
Editor Comments
None.
Recent Decisions
None.
Historic Decisions
None.
Library Resources
- Vernon's Annotated Constitution of the State of Texas (multi-volume and up-to-date resource available at all law and many municipal libraries)
- The Texas State Constitution: A Reference Guide (one-volume resource available at most law and some municipal libraries)
- The Constitution of the State of Texas: An Annotated and Comparative Analysis (two-volume resource available at most law and some municipal libraries)
Online Resources
- Constitution of the State of Texas (1876) (resource published online and maintained by the University of Texas School of Law)
- Amendments to the Texas Constitution Since 1876 (resource published online and regularly updated by the Legislative Council)
- Reports Analyzing Proposed Amendments (resource published online and regularly updated by the Legislative Reference Library)