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Texas Constitution:Article III, Section 49-c (view source)
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'''(a) The Texas Water Development Board, an agency of the State of Texas, shall exercise such powers as necessary under this provision together with such other duties and restrictions as may be prescribed by law. The qualifications, compensation, and number of members of said Board shall be determined by law. They shall be appointed by the Governor with the advice and consent of the Senate in the manner and for such terms as may be prescribed by law.''' | '''(a) The Texas Water Development Board, an agency of the State of Texas, shall exercise such powers as necessary under this provision together with such other duties and restrictions as may be prescribed by law. The qualifications, compensation, and number of members of said Board shall be determined by law. They shall be appointed by the Governor with the advice and consent of the Senate in the manner and for such terms as may be prescribed by law.''' | ||
'''(b) The Texas Water Development Board shall have the authority to provide for, issue and sell general obligation bonds of the State of Texas as authorized by constitutional amendment or by a debt proposition under Section [[Texas Constitution:Article III, Section 49|49]] of this | '''(b) The Texas Water Development Board shall have the authority to provide for, issue and sell general obligation bonds of the State of Texas as authorized by constitutional amendment or by a debt proposition under Section [[Texas Constitution:Article III, Section 49|49]] of this Article. The bonds shall be called "Texas Water Development Bonds," shall be executed in such form, denominations and upon such terms as may be prescribed by law, and may be issued in such installments as the Board finds feasible and practical in accomplishing the purpose set forth herein.''' | ||
'''(c) All moneys received from the sale of the bonds shall be deposited in a fund hereby created in the State Treasury to be known as the Texas Water Development Fund to be administered (without further appropriation) by the Texas Water Development Board in such manner as prescribed by law.''' | '''(c) All moneys received from the sale of the bonds shall be deposited in a fund hereby created in the State Treasury to be known as the Texas Water Development Fund to be administered (without further appropriation) by the Texas Water Development Board in such manner as prescribed by law.''' | ||
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Added in 1957, this section has been amended once. The 1999 [https://www.lrl.texas.gov/scanned/sessionLaws/76-0/HJR_62.pdf modification] was part of a "constitutional cleanup amendment." | |||
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|seo_title=Article III, Section 49-c of the Texas Constitution ("Texas Water Development Board; Bonds; Texas Water Development Fund") | |seo_title=Article III, Section 49-c of the Texas Constitution ("Texas Water Development Board; Bonds; Texas Water Development Fund") | ||
|seo_keywords=Article 3 Section 49-c, | |seo_keywords=Article 3 Section 49-c, water bonds, debt authorization | ||
|seo_description=The | |seo_description=The Texas Water Development Board is an agency of the State of Texas. | ||
|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 | ||
}} | }} | ||
[[Category:Water Law]] | |||
[[Category:TxCon ArtIII Sec]] | [[Category:TxCon ArtIII Sec]] | ||