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Texas Constitution:Article III, Section 49-d-9: Difference between revisions
Texas Constitution:Article III, Section 49-d-9 (view source)
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{{DISPLAYTITLE:Article III, Section 49-d-9 of the Texas Constitution (''<small>"General Obligation Bonds for Texas Water Development Fund II"</small>'')}}{{Texas Constitution|text=Added November 6, 2001: | {{DISPLAYTITLE:Article III, Section 49-d-9 of the Texas Constitution (''<small>"General Obligation Bonds for Texas Water Development Fund II"</small>'')}}{{Texas Constitution|text=Added November 6, 2001: | ||
'''(a) The Texas Water Development Board may issue additional general obligation bonds, at its determination, for one or more accounts of the Texas Water Development Fund II, in an amount not to exceed $2 billion. Of the additional general obligation bonds authorized to be issued, $50 million of those bonds shall be used for the | '''(a) The Texas Water Development Board may issue additional general obligation bonds, at its determination, for one or more accounts of the Texas Water Development Fund II, in an amount not to exceed $2 billion. Of the additional general obligation bonds authorized to be issued, $50 million of those bonds shall be used for the Water Infrastructure Fund as provided by law.''' | ||
'''(b) Section [[Texas Constitution:Article III, Section 49-d-8|49-d-8]] of this article applies to the bonds authorized by this section. The limitation in Section [[Texas Constitution:Article III, Section 49-d-8|49-d-8]] of this article that the Texas Water Development Board may not issue bonds in excess of the aggregate principal amount of previously authorized bonds does not apply to the bonds authorized by and issued under this section.''' | '''(b) Section [[Texas Constitution:Article III, Section 49-d-8|49-d-8]] of this article applies to the bonds authorized by this section. The limitation in Section [[Texas Constitution:Article III, Section 49-d-8|49-d-8]] of this article that the Texas Water Development Board may not issue bonds in excess of the aggregate principal amount of previously authorized bonds does not apply to the bonds authorized by and issued under this section.''' | ||
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|seo_title=Article III, Section 49-d-9 of the Texas Constitution ("General Obligation Bonds for Texas Water Development Fund II") | |seo_title=Article III, Section 49-d-9 of the Texas Constitution ("General Obligation Bonds for Texas Water Development Fund II") | ||
|seo_keywords=Article 3 Section 49-d-9, water bonds, debt authorization | |seo_keywords=Article 3 Section 49-d-9, water bonds, debt authorization | ||
|seo_description=The Texas Water Development Board may issue additional | |seo_description=The Texas Water Development Board may issue additional bonds in an amount not to exceed $2 billion. | ||
|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 | ||