Texas Constitution:Article III, Section 49-d-4 - Revision history

Admin at 20:47, June 19, 2024

2024-06-19T20:47:39Z

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2024-06-17T15:53:52Z

Text replacement - "this constitution" to "this Constitution"

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	{{DISPLAYTITLE:Article III, Section 49-d-4 of the Texas Constitution (''<small>"Bond Insurance Program for Water Projects"</small>'')}}{{Texas Constitution\|text=Added November 5, 1985:		{{DISPLAYTITLE:Article III, Section 49-d-4 of the Texas Constitution (''<small>"Bond Insurance Program for Water Projects"</small>'')}}{{Texas Constitution\|text=Added November 5, 1985:

	'''(a) In addition to other programs authorized by this ~~constitution~~, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the State pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the State as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''		'''(a) In addition to other programs authorized by this Constitution, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the State pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the State as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''

	'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the State to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''		'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the State to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''

	'''(c) The payment by the State of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this ~~constitution~~.'''		'''(c) The payment by the State of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this Constitution.'''

	'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the State under this section, excluding the costs of administration, may not exceed $250 million.'''		'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the State under this section, excluding the costs of administration, may not exceed $250 million.'''

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2024-06-02T19:43:28Z

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	\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance program		\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance program
	\|seo_description=The Legislature by law may provide for the creation, administration, and implementation of a bond insurance program.		\|seo_description=The Legislature by law may provide for the creation, administration, and implementation of a bond insurance program.
	\|seo_image=~~Texas_Constitution_of_1876_Article_3~~.jpg		\|seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg
	\|seo_image_alt=Article III: Legislative Department		\|seo_image_alt=Article III: Legislative Department

Admin at 15:22, August 8, 2023

2023-08-08T15:22:38Z

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	'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the state agency administering the bond insurance program may not authorize bond insurance coverage under the program in any state fiscal year that exceeds a total of $100 million.'''		'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the state agency administering the bond insurance program may not authorize bond insurance coverage under the program in any state fiscal year that exceeds a total of $100 million.'''

	'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the ~~constitution~~. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the State is required to fulfill all of the terms of that previously issued insurance.'''		'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the Constitution. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the State is required to fulfill all of the terms of that previously issued insurance.'''

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Admin at 15:15, August 8, 2023

2023-08-08T15:15:42Z

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			[[Category:Water Law]]
	[[Category:TxCon ArtIII Sec]]		[[Category:TxCon ArtIII Sec]]

Admin at 15:11, August 8, 2023

2023-08-08T15:11:20Z

Admin at 15:07, August 8, 2023

2023-08-08T15:07:26Z

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	\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")		\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")
	\|seo_keywords=Article 3 Section 49-d-4, ~~Texas Legislature~~, ~~...~~		\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance programe
	\|seo_description=The ~~legislative power~~ of ~~Texas is vested in~~ a ~~Senate and House of Representatives~~.		\|seo_description=The Legislature by law may provide for the creation, administration, and implementation of a bond insurance program.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg
	\|seo_image_alt=Article III: Legislative Department		\|seo_image_alt=Article III: Legislative Department

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	'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the state to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''		'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the state to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''

	'''(c) The payment by the state of any insurance commitment made under this section must be made from the first money coming into the ~~state treasury~~ that is not otherwise dedicated by this constitution.'''		'''(c) The payment by the state of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this constitution.'''

	'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the state under this section, excluding the costs of administration, may not exceed $250 million.'''		'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the state under this section, excluding the costs of administration, may not exceed $250 million.'''

Admin at 14:22, July 26, 2023

2023-07-26T14:22:59Z

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	\|seo_title=Article III, Section _ of the Texas Constitution (" ~~...~~ ")		\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")
	\|seo_keywords=Article 3 Section _, Texas Legislature, ...		\|seo_keywords=Article 3 Section 49-d-4, Texas Legislature, ...
	\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.		\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg

Admin: Text replacement - "}}↵↵Category:TxCon ArtIII Sec" to "|seo_title=Article III, Section _ of the Texas Constitution (" ... ") |seo_keywords=Article 3 Section _, Texas Legislature, ... |seo_description=The legislative power of Texas is vested in a Senate and House of Representatives. |seo_image=Texas_Constitution_of_1876_Article_3.jpg |seo_image_alt=Article III: Legislative Department }} Category:TxCon ArtIII Sec"

2023-07-24T22:20:18Z

Text replacement - "}}↵↵Category:TxCon ArtIII Sec" to "|seo_title=Article III, Section _ of the Texas Constitution (" ... ") |seo_keywords=Article 3 Section _, Texas Legislature, ... |seo_description=The legislative power of Texas is vested in a Senate and House of Representatives. |seo_image=Texas_Constitution_of_1876_Article_3.jpg |seo_image_alt=Article III: Legislative Department }} Category:TxCon ArtIII Sec"

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			\|seo_title=Article III, Section _ of the Texas Constitution (" ... ")
			\|seo_keywords=Article 3 Section _, Texas Legislature, ...
			\|seo_description=The legislative power of Texas is vested in a Senate and House of Representatives.
			\|seo_image=Texas_Constitution_of_1876_Article_3.jpg
			\|seo_image_alt=Article III: Legislative Department

	}}		}}

	[[Category:TxCon ArtIII Sec]]		[[Category:TxCon ArtIII Sec]]

← Older revision		Revision as of 15:47, June 19, 2024
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	'''(a) In addition to other programs authorized by this Constitution, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the State pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the State as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''		'''(a) In addition to other programs authorized by this Constitution, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the State pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the State as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''

	'''(b) The Legislature by law shall designate the ~~state~~ agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the State to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''		'''(b) The Legislature by law shall designate the State agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the State to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''

	'''(c) The payment by the State of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this Constitution.'''		'''(c) The payment by the State of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this Constitution.'''
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	'''(e) Except on a two-thirds vote of the members elected to each House of the Legislature, the ratio of bonds insured to the total liability of the State must be two to one.'''		'''(e) Except on a two-thirds vote of the members elected to each House of the Legislature, the ratio of bonds insured to the total liability of the State must be two to one.'''

	'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the ~~state~~ agency administering the bond insurance program may not authorize bond insurance coverage under the program in any ~~state~~ fiscal year that exceeds a total of $100 million.'''		'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the State agency administering the bond insurance program may not authorize bond insurance coverage under the program in any State fiscal year that exceeds a total of $100 million.'''

	'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the Constitution. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the State is required to fulfill all of the terms of that previously issued insurance.'''		'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the Constitution. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the State is required to fulfill all of the terms of that previously issued insurance.'''
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	\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")		\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")
	\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance program		\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance program
	\|seo_description=The Legislature ~~by law~~ may provide for the creation, administration, and implementation of a bond insurance program.		\|seo_description=The Legislature may provide for the creation, administration, and implementation of a bond insurance program.
	\|seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg
	\|seo_image_alt=Article III: Legislative Department		\|seo_image_alt=Article III: Legislative Department

← Older revision		Revision as of 10:11, August 8, 2023
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	{{DISPLAYTITLE:Article III, Section 49-d-4 of the Texas Constitution (''<small>"Bond Insurance Program for Water Projects"</small>'')}}{{Texas Constitution\|text=Added November 5, 1985:		{{DISPLAYTITLE:Article III, Section 49-d-4 of the Texas Constitution (''<small>"Bond Insurance Program for Water Projects"</small>'')}}{{Texas Constitution\|text=Added November 5, 1985:

	'''(a) In addition to other programs authorized by this constitution, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the ~~state~~ pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the ~~state~~ as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''		'''(a) In addition to other programs authorized by this constitution, the Legislature by law may provide for the creation, administration, and implementation of a bond insurance program to which the State pledges its general credit in an amount not to exceed $250 million to insure the payment in whole or in part of the principal of and interest on bonds or other obligations that are issued by cities, counties, special governmental districts and authorities, and other political subdivisions of the State as defined by law for use for or in aid of water conservation, water development, water quality enhancement, flood control, drainage, recharge, chloride control, desalinization, or any combination of those purposes.'''

	'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the ~~state~~ to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''		'''(b) The Legislature by law shall designate the state agency to administer the bond insurance program and may authorize that agency to execute insurance contracts that bind the State to pay the principal of and interest on the bonds if the bonds are in default or the bonds are subject to impending default, subject to the limits provided by this section and by law.'''

	'''(c) The payment by the ~~state~~ of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this constitution.'''		'''(c) The payment by the State of any insurance commitment made under this section must be made from the first money coming into the State Treasury that is not otherwise dedicated by this constitution.'''

	'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the ~~state~~ under this section, excluding the costs of administration, may not exceed $250 million.'''		'''(d) Notwithstanding the total amount of bonds insured under this section, the total amount paid and not recovered by the State under this section, excluding the costs of administration, may not exceed $250 million.'''

	'''(e) Except on a two-thirds vote of the members elected to each House of the Legislature, the ratio of bonds insured to the total liability of the ~~state~~ must be two to one.'''		'''(e) Except on a two-thirds vote of the members elected to each House of the Legislature, the ratio of bonds insured to the total liability of the State must be two to one.'''

	'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the state agency administering the bond insurance program may not authorize bond insurance coverage under the program in any state fiscal year that exceeds a total of $100 million.'''		'''(f) Except on a two-thirds vote of the members elected to each House of the Legislature, the state agency administering the bond insurance program may not authorize bond insurance coverage under the program in any state fiscal year that exceeds a total of $100 million.'''

	'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the constitution. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the ~~state~~ is required to fulfill all of the terms of that previously issued insurance.'''		'''(g) Unless authorized to continue by a two-thirds vote of the members elected to each House, this section and the bond insurance program authorized by this section expire on the sixth anniversary of the date on which this section becomes a part of the constitution. However, bond insurance issued before the expiration of this section and the program is not affected by the expiration of this section and the program and remains in effect according to its terms, and the State is required to fulfill all of the terms of that previously issued insurance.'''

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	\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")		\|seo_title=Article III, Section 49-d-4 of the Texas Constitution ("Bond Insurance Program for Water Projects")
	\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance ~~programe~~		\|seo_keywords=Article 3 Section 49-d-4, water bonds, insurance program
	\|seo_description=The Legislature by law may provide for the creation, administration, and implementation of a bond insurance program.		\|seo_description=The Legislature by law may provide for the creation, administration, and implementation of a bond insurance program.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg