Texas Constitution:Article III, Section 50-d: Difference between revisions
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'''(a) On a two-thirds vote of the members elected to each House of the Legislature, the Texas Water Development Board may issue and sell Texas Agricultural Water Conservation Bonds in an amount not to exceed $200 million.''' | '''(a) On a two-thirds vote of the members elected to each House of the Legislature, the Texas Water Development Board may issue and sell Texas Agricultural Water Conservation Bonds in an amount not to exceed $200 million.''' | ||
'''(b) The proceeds from the sale of Texas Agricultural Water Conservation Bonds shall be deposited in a fund created in the | '''(b) The proceeds from the sale of Texas Agricultural Water Conservation Bonds shall be deposited in a fund created in the State Treasury to be known as the Agricultural Water Conservation Fund.''' | ||
'''(c) Texas Agricultural Water Conservation Bonds are general obligations of the State of Texas. During the time that Texas Agricultural Water Conservation Bonds or any interest on those bonds is outstanding or unpaid, there is appropriated out of the first money coming into the | '''(c) Texas Agricultural Water Conservation Bonds are general obligations of the State of Texas. During the time that Texas Agricultural Water Conservation Bonds or any interest on those bonds is outstanding or 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 that mature or become due during that fiscal year.''' | ||
'''(d) The terms, conditions, provisions, and procedures for issuance and sale and management of proceeds of Texas Agricultural Water Conservation Bonds shall be provided by law.''' | '''(d) The terms, conditions, provisions, and procedures for issuance and sale and management of proceeds of Texas Agricultural Water Conservation Bonds shall be provided by law.''' | ||
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|seo_title=Article III, Section 50-d of the Texas Constitution ("Agricultural Water Conservation Fund") | |||
|seo_keywords=Article 3 Section 50-d, agriculture bonds, debt authorization | |||
|seo_description=The Legislature may provide that the Texas Water Development Board has authority to issue certain bonds. | |||
|seo_image=Texas_Constitution_of_1876_Article_3.jpg | |||
|seo_image_alt=Article III: Legislative Department | |||
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[[Category: | [[Category:Agriculture Law]] | ||
[[Category:TxCon ArtIII Sec]] | [[Category:TxCon ArtIII Sec]] | ||
Latest revision as of 10:22, August 11, 2023
As amended November 4, 1997:
(a) On a two-thirds vote of the members elected to each House of the Legislature, the Texas Water Development Board may issue and sell Texas Agricultural Water Conservation Bonds in an amount not to exceed $200 million.
(b) The proceeds from the sale of Texas Agricultural Water Conservation Bonds shall be deposited in a fund created in the State Treasury to be known as the Agricultural Water Conservation Fund.
(c) Texas Agricultural Water Conservation Bonds are general obligations of the State of Texas. During the time that Texas Agricultural Water Conservation Bonds or any interest on those bonds is outstanding or 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 that mature or become due during that fiscal year.
(d) The terms, conditions, provisions, and procedures for issuance and sale and management of proceeds of Texas Agricultural Water Conservation Bonds shall be provided by law.
Editor Comments
None.
Recent Decisions
None.
Historic Decisions
None.
Library Resources
- Vernon's Annotated Constitution of the State of Texas (this multi-volume and up-to-date resource is available at all law libraries and many municipal libraries)
- The Texas State Constitution: A Reference Guide (this one-volume resource is available at most law libraries and some municipal libraries)
- The Constitution of the State of Texas: An Annotated and Comparative Analysis (this two-volume resource is available at most law libraries and some municipal libraries)
Online Resources
- Constitution of the State of Texas (1876) (this resource is published and maintained by the University of Texas School of Law)
- Amendments to the Texas Constitution Since 1876 (this resource is published and regularly updated by the Legislative Council)
- Reports Analyzing Proposed Amendments (this resource is published and regularly updated by the Legislative Reference Library)