Texas Constitution:Article III, Section 67 and Texas Constitution:Article III, Section 49-d-7: Difference between pages

From TLG
(Difference between pages)
Jump to navigation Jump to search
m (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")
 
m (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")
 
Line 1: Line 1:
{{DISPLAYTITLE:Article III, Section 67 of the Texas Constitution (''<small>"Cancer Prevention and Research Institute of Texas; Bonds"</small>'')}}{{Texas Constitution|text=As amended November 5, 2019:
{{DISPLAYTITLE:Article III, Section 49-d-7 of the Texas Constitution (''<small>"Use of Proceeds of Texas Water Development Bonds"</small>'')}}{{Texas Constitution|text=As amended November 2, 1999:


'''(a) The Legislature shall establish the Cancer Prevention and Research Institute of Texas to: (1) make grants to provide funds to public or private persons to implement the Texas Cancer Plan, and to institutions of learning and to advanced medical research facilities and collaborations in this state for: (A) research into the causes of and cures for all forms of cancer in humans; (B) facilities for use in research into the causes of and cures for cancer; and (C) research, including translational research, to develop therapies, protocols, medical pharmaceuticals, or procedures for the cure or substantial mitigation of all types of cancer in humans; (2) support institutions of learning and advanced medical research facilities and collaborations in this state in all stages in the process of finding the causes of all types of cancer in humans and developing cures, from laboratory research to clinical trials and including programs to address the problem of access to advanced cancer treatment; and (3) establish the appropriate standards and oversight bodies to ensure the proper use of funds authorized under this provision for cancer research and facilities development.'''
'''(a) The Texas Water Development Board may use the proceeds of Texas water development bonds issued for the purposes provided by Section [[Texas Constitution:Article III, Section 49-c|49-c]] of this article for the additional purpose of providing financial assistance, on terms and conditions provided by law, to various political subdivisions and bodies politic and corporate of the state and to nonprofit water supply corporations to provide for acquisition, improvement, extension, or construction of water supply projects that involve the distribution of water to points of delivery to wholesale or retail customers.'''


'''(b) The members of the governing body and any other decision-making body of the Cancer Prevention and Research Institute of Texas may serve four-year terms.'''
'''(b) The Legislature may provide by law for subsidized loans and grants from the proceeds of Texas water development bonds to provide wholesale and retail water and wastewater facilities to economically distressed areas of the state as defined by law, provided, the principal amount of bonds that may be issued for the purposes under this subsection may not exceed $250 million. Separate accounts shall be established in the water development fund for administering the proceedings [sic] of bonds issued for purposes under this subsection, and an interest and sinking fund separate from and not subject to the limitations of the interest and sinking fund created for other Texas water development bonds is established in the state treasury to be used for paying the principal of and interest on bonds for the purposes of the [sic] subsection. While any of the bonds authorized for the purposes of this subsection or any of the interest on those bonds is outstanding and unpaid, there is appropriated out of the first money coming into the state treasury in each fiscal year, not otherwise appropriated by this constitution, an amount that is sufficient to pay the principal of and interest on those bonds issued for the purposes under this subsection that mature or become due during that fiscal year.'''
 
'''(c) The Legislature by general law may authorize the Texas Public Finance Authority to provide for, issue, and sell general obligation bonds of the State of Texas on behalf of the Cancer Prevention and Research Institute of Texas in an amount not to exceed $6 billion and to enter into related credit agreements. The Texas Public Finance Authority may not issue more than $300 million in bonds authorized by this subsection in a year. The bonds shall be executed in the form, on the terms, and in the denominations, bear interest, and be issued in installments as prescribed by the Texas Public Finance Authority.'''
 
'''(d) Proceeds from the sale of the bonds shall be deposited in separate funds or accounts, as provided by general law, within the state treasury to be used by the Cancer Prevention and Research Institute of Texas for the purposes of this section.'''
 
'''(e) Notwithstanding any other provision of this constitution, the Cancer Prevention and Research Institute of Texas, which is established in state government, may use the proceeds from bonds issued under Subsection (c) of this section and federal or private grants and gifts to pay for: (1) grants for cancer research, for research facilities, and for research opportunities in this state to develop therapies, protocols, medical pharmaceuticals, or procedures for the cure or substantial mitigation of all types of cancer in humans; (2) grants for cancer prevention and control programs in this state to mitigate the incidence of all types of cancer in humans; (3) the purchase, subject to approval by the Cancer Prevention and Research Institute, of laboratory facilities by or on behalf of a state agency or grant recipient; and (4) the operation of the Cancer Prevention and Research Institute of Texas.'''
 
'''(f) The bond proceeds may be used to pay the costs of issuing the bonds and any administrative expense related to the bonds.'''
 
'''(g) While any of the bonds or interest on the bonds authorized by this section is outstanding and unpaid, from the first money coming into the state treasury in each fiscal year not otherwise appropriated by this constitution, an amount sufficient to pay the principal of and interest on bonds that mature or become due during the fiscal year and to make payments that become due under a related credit agreement during the fiscal year is appropriated, less the amount in the sinking fund at the close of the previous fiscal year.'''
 
'''(h) Bonds issued under this section, after approval by the Attorney General, registration by the Comptroller of Public Accounts, and delivery to the purchasers, are incontestable and are general obligations of the State of Texas under this constitution.'''
 
'''(i) Before the Cancer Prevention and Research Institute of Texas may make a grant of any proceeds of the bonds issued under this section, the recipient of the grant must have an amount of funds equal to one-half the amount of the grant dedicated to the research that is the subject of the grant request.'''
 
'''(j) The Texas Public Finance Authority shall consider using a business whose principal place of business is located in the state to issue the bonds authorized by this section and shall include using a historically underutilized business as defined by general law.'''


|editor=
|editor=


This section was added in 2007. It has been amended once. The 2019 amendment increased the bond authorization from $3 billion to $6 billion.
None.


|other=
|other=

Revision as of 17:18, July 24, 2023

As amended November 2, 1999:

(a) The Texas Water Development Board may use the proceeds of Texas water development bonds issued for the purposes provided by Section 49-c of this article for the additional purpose of providing financial assistance, on terms and conditions provided by law, to various political subdivisions and bodies politic and corporate of the state and to nonprofit water supply corporations to provide for acquisition, improvement, extension, or construction of water supply projects that involve the distribution of water to points of delivery to wholesale or retail customers.

(b) The Legislature may provide by law for subsidized loans and grants from the proceeds of Texas water development bonds to provide wholesale and retail water and wastewater facilities to economically distressed areas of the state as defined by law, provided, the principal amount of bonds that may be issued for the purposes under this subsection may not exceed $250 million. Separate accounts shall be established in the water development fund for administering the proceedings [sic] of bonds issued for purposes under this subsection, and an interest and sinking fund separate from and not subject to the limitations of the interest and sinking fund created for other Texas water development bonds is established in the state treasury to be used for paying the principal of and interest on bonds for the purposes of the [sic] subsection. While any of the bonds authorized for the purposes of this subsection or any of the interest on those bonds is outstanding and unpaid, there is appropriated out of the first money coming into the state treasury in each fiscal year, not otherwise appropriated by this constitution, an amount that is sufficient to pay the principal of and interest on those bonds issued for the purposes under this subsection that mature or become due during that fiscal year.

Editor Comments

None.

Attorney Steve Smith

Recent Decisions

None.

Historic Decisions

None.

Library Resources

Online Resources