Texas Constitution:Article III, Section 49-d-11: Difference between revisions

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Note that Subsection (a), known as the evergreen provision, makes this section's $6 billion in additional bonding authority continuous.
Subsection (a), an "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.


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|seo_title=Article III, Section 49-d-11 of the Texas Constitution ("Authorization for Bonds for Texas Water Development Fund II")
|seo_title=Article III, Section 49-d-11 of the Texas Constitution ("Authorization for Bonds for Texas Water Development Fund II")
|seo_keywords=Article 3 Section 49-d-11, water bonds, debt authorization
|seo_keywords=Article 3 Section 49-d-11, water bonds, debt authorization
|seo_description=The Texas Water Development Board may issue additional bonds in an amount not to exceed $6 billion.
|seo_description=Subsection (a), the "evergreen" provision, makes the $6 billion in additional authority continuous.
|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