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Texas Constitution:Article III, Section 49-n (view source)
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{{DISPLAYTITLE:Article III, Section 49-n of the Texas Constitution (''<small>"Two Sections with Same | {{DISPLAYTITLE:Article III, Section 49-n of the Texas Constitution (''<small>"Two Sections with Same Number–Public Securities"</small>'')}}{{Texas Constitution|text=Added September 13, 2003: | ||
''text of Article III, Section 49-n proposed by Acts 2003, 78th Leg., R.S., H.J.R. No. 28'' | ''text of Article III, Section 49-n proposed by Acts 2003, 78th Leg., R.S., H.J.R. No. 28'' | ||
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'''(d) An agency providing a loan from the Texas Military Value Revolving Loan Account to a defense-related community may require the defense-related community to pay any pro rata cost of issuing the general obligation bonds and notes.''' | '''(d) An agency providing a loan from the Texas Military Value Revolving Loan Account to a defense-related community may require the defense-related community to pay any pro rata cost of issuing the general obligation bonds and notes.''' | ||
'''(e) Bonds and notes authorized under this section are a general obligation of the State. While any of the bonds or notes or interest on the bonds or notes is outstanding and unpaid, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this | '''(e) Bonds and notes authorized under this section are a general obligation of the State. While any of the bonds or notes or interest on the bonds or notes is outstanding and unpaid, there is appropriated out of the first money coming into the Treasury in each fiscal year, not otherwise appropriated by this Constitution, the amount sufficient to pay the principal of and interest on the bonds or notes that mature or become due during the fiscal year, including an amount sufficient to make payments under a related credit agreement, less any amounts in the interest and sinking accounts at the close of the preceding fiscal year that are pledged to payment of the bonds or notes or interest.''' | ||
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|seo_title=Article III, Section 49-n of the Texas Constitution ("Two Sections with Same Number—Public Securities") | |seo_title=Article III, Section 49-n of the Texas Constitution ("Two Sections with Same Number—Public Securities") | ||
|seo_keywords=Article 3 Section 49-n, state | |seo_keywords=Article 3 Section 49-n, state securities, debt authorization | ||
|seo_description=There are currently two Article III sections numbered 49-n. Both were approved by voters on September 13, 2003. | |seo_description=There are currently two Article III sections numbered 49-n. Both were approved by voters on September 13, 2003. | ||
|seo_image= | |seo_image=mod_Texas_Constitution_of_1876_Article_3.jpg | ||
|seo_image_alt=Article III: Legislative Department | |seo_image_alt=Article III: Legislative Department | ||