Bonds for Maintenance, Improvement, Repair, and Construction Projects and for the Purchase of Needed Equipment

Texas Ballot Measure - Proposition 4

Election: General Nov. 1, 2007 (General)

Outcome: Passed

Categories:

Infrastructure
Constitution
Government Budget and Spending

Summary


SJR 65 would authorize the legislature to permit the Texas Public Finance Authority to issue up to $1 billion in general obligation bonds, the proceeds of which would be dedicated to maintenance, construction, repairs, and equipment purchases, as authorized by the legislature for the following state agencies: the Texas Building and Procurement Commission; the Parks and Wildlife Department; the Department of the Adjutant General; the Department of State Health Services; the Department of Aging and Disability Services; the Texas School for the Blind and Visually Impaired; the Texas Youth Commission; the Texas Historical Commission; the Texas Department of Criminal Justice; the Texas School for the Deaf; and the Texas Department of Public Safety.

Measure Text


The constitutional amendment authorizing the issuance of up to $1 billion in bonds payable from the general revenues of the state for maintenance, improvement, repair, and construction projects and for the purchase of needed equipment.

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