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Texas Constitution:Article III, Section 49-d-11: Difference between revisions
Texas Constitution:Article III, Section 49-d-11 (view source)
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Subsection (a), the evergreen provision, makes the $6 billion in additional authority continuous. | Subsection (a), the "evergreen" provision, makes the $6 billion in additional authority continuous. | ||
In other words, the Board can continuously borrow up to $6 billion without further voter approval. | In other words, the Board can continuously borrow up to $6 billion without further voter approval. | ||