Highway Improvement Bonds
Texas Ballot Measure - Proposition 12
Election: General Nov. 1, 2007 (General)
Outcome: Passed
Categories:
TransportationInfrastructure
Constitution
Government Budget and Spending
Summary
SJR 64 would authorize the Texas Transportation Commission to issue up to $5 billion in general obligation bonds for highway improvement projects, the proceeds of which will be used to pay for projects, costs, and payments owed under related credit agreements.
Measure Text
The constitutional amendment providing for the issuance of general obligation bonds by the Texas Transportation Commission in an amount not to exceed $5 billion to provide funding for highway improvement projects.
Resources
Full Text
Source