Texas Constitution:Article III, Section 65 - Revision history

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2024-06-02T19:39:42Z

Text replacement - "|seo_image=Texas_Constitution_of_1876_Article_3.jpg" to "|seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg"

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	\|seo_keywords=Article 3 Section 65, bond rates, veteran loans		\|seo_keywords=Article 3 Section 65, bond rates, veteran loans
	\|seo_description=This section governs the maximum interest rate that may be paid on certain public bonds.		\|seo_description=This section governs the maximum interest rate that may be paid on certain public bonds.
	\|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 16:14, September 19, 2023

2023-09-19T16:14:55Z

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	{{DISPLAYTITLE:Article III, Section 65 of the Texas Constitution (''<small>"Maximum Interest Rate on Public Bonds"</small>'')}}{{Texas Constitution\|text=As amended November 2, 1982:		{{DISPLAYTITLE:Article III, Section 65 of the Texas Constitution (''<small>"Maximum Interest Rate on Public Bonds"</small>'')}}{{Texas Constitution\|text=As amended November 2, 1982:

	'''(a) Wherever the ~~Constitution~~ authorizes an agency, instrumentality, or subdivision of the State to issue bonds and specifies the maximum rate of interest which may be paid on such bonds issued pursuant to such constitutional authority, such bonds may bear interest at rates not to exceed a weighted average annual interest rate of 12% unless otherwise provided by Subsection (b) of this section. All ~~Constitutional~~ provisions specifically setting rates in conflict with this provision are hereby repealed.'''		'''(a) Wherever the constitution authorizes an agency, instrumentality, or subdivision of the State to issue bonds and specifies the maximum rate of interest which may be paid on such bonds issued pursuant to such constitutional authority, such bonds may bear interest at rates not to exceed a weighted average annual interest rate of 12% unless otherwise provided by Subsection (b) of this section. All constitutional provisions specifically setting rates in conflict with this provision are hereby repealed.'''

	'''(b) Bonds issued by the Veterans' Land Board after the effective date of this subsection bear interest at a rate or rates determined by the board, but the rate or rates may not exceed a net effective interest rate of 10% per year unless otherwise provided by law. A statute that is in effect on the effective date of this subsection and that sets as a maximum interest rate payable on bonds issued by the Veterans' Land Board a rate different from the maximum rate provided by this subsection is ineffective unless reenacted by the Legislature after that date.'''		'''(b) Bonds issued by the Veterans' Land Board after the effective date of this subsection bear interest at a rate or rates determined by the board, but the rate or rates may not exceed a net effective interest rate of 10% per year unless otherwise provided by law. A statute that is in effect on the effective date of this subsection and that sets as a maximum interest rate payable on bonds issued by the Veterans' Land Board a rate different from the maximum rate provided by this subsection is ineffective unless reenacted by the Legislature after that date.'''
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	This section was added in 1972. It has been amended twice. The most recent amendment ~~added~~ raised the maximum interest rate stated in Subsection (a) from 6 to 12 percent.		This section was added in 1972. It has been amended twice. The most recent amendment raised the maximum interest rate stated in Subsection (a) from 6 to 12 percent.

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Admin at 16:10, September 19, 2023

2023-09-19T16:10:44Z

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	\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")		\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")
	\|seo_keywords=Article 3 Section 65, bond rates, veteran loans		\|seo_keywords=Article 3 Section 65, bond rates, veteran loans
	\|seo_description=This section governs the interest rate that may be paid on certain public bonds.		\|seo_description=This section governs the maximum interest rate that may be paid on certain public bonds.
	\|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

Admin at 16:10, September 19, 2023

2023-09-19T16:10:10Z

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	This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum interest rate stated in Subsection (a) to 12 percent.		This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum interest rate stated in Subsection (a) from 6 to 12 percent.

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Admin at 16:09, September 19, 2023

2023-09-19T16:09:48Z

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	This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum rate in Subsection (a) to 12 percent.		This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum interest rate stated in Subsection (a) to 12 percent.

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Admin at 16:04, September 19, 2023

2023-09-19T16:04:58Z

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	This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum rate ~~of interest from~~ a ~~weighted average annual interest rate of 6 percent~~ to 12 percent.		This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum rate in Subsection (a) to 12 percent.

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Admin at 15:57, September 19, 2023

2023-09-19T15:57:10Z

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	This section was added in ~~1983~~. It has been amended ~~once~~. The most recent amendment added raised the maximum rate of interest ~~on certain general obligation bonds~~ from a weighted average annual interest		This section was added in 1972. It has been amended twice. The most recent amendment added raised the maximum rate of interest from a weighted average annual interest rate of 6 percent to 12 percent.
	rate of ~~six~~ percent to ~~a weighted average annual interest rate of~~ 12 percent.

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Admin at 15:55, September 19, 2023

2023-09-19T15:55:12Z

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	~~None~~.		This section was added in 1983. It has been amended once. The most recent amendment added raised the maximum rate of interest on certain general obligation bonds from a weighted average annual interest
			rate of six percent to a weighted average annual interest rate of 12 percent.

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Admin at 15:47, September 19, 2023

2023-09-19T15:47:02Z

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	\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")		\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")
	\|seo_keywords=Article 3 Section 65~~, Texas Legislature~~, bond rates, veteran loans		\|seo_keywords=Article 3 Section 65, bond rates, veteran loans
	\|seo_description=This section governs the interest rate that may be paid on certain public bonds.		\|seo_description=This section governs the interest rate that may be paid on certain public bonds.
	\|seo_image=Texas_Constitution_of_1876_Article_3.jpg		\|seo_image=Texas_Constitution_of_1876_Article_3.jpg

Admin at 15:46, September 19, 2023

2023-09-19T15:46:29Z

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	\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")		\|seo_title=Article III, Section 65 of the Texas Constitution ("Maximum Interest Rate on Public Bonds")
	\|seo_keywords=Article 3 Section 65, Texas Legislature, ~~...~~		\|seo_keywords=Article 3 Section 65, Texas Legislature, bond rates, veteran loans
	\|seo_description=~~The legislative power of Texas is vested in a Senate and House of Representatives~~.		\|seo_description=This section governs the interest rate that may be paid on certain public bonds.
	\|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