1-1 By: Counts (Senate Sponsor - Brown) H.J.R. No. 81 1-2 (In the Senate - Received from the House April 24, 2001; 1-3 April 25, 2001, read first time and referred to Committee on 1-4 Natural Resources; May 11, 2001, reported favorably, as amended, by 1-5 the following vote: Yeas 4, Nays 0; May 11, 2001, sent to 1-6 printer.) 1-7 COMMITTEE AMENDMENT NO. 1 By: Brown 1-8 Amend H.J.R. No. 81 as follows: 1-9 (1) In SECTION 1 of the resolution, in Subsection (a) of 1-10 added Section 49-d-9, Article III, Texas Constitution (Engrossed 1-11 version page 1, line 29), strike ", at its determination,". 1-12 (2) In SECTION 1 of the resolution, in Subsection (a) of 1-13 added Section 49-d-9, Article III, Texas Constitution (Engrossed 1-14 version page 1, Line 30, between "II", and "," insert "and the 1-15 water infrastructure fund". 1-16 (3) In SECTION 1 of the resolution, in Subsection (a) of 1-17 added Section 49-d-9, Article III, Texas Constitution (Engrossed 1-18 version page 1, line 31), after the period add "The board shall 1-19 allocate the first $50 million in proceeds from any bonds issued 1-20 under this subsection to the water infrastructure fund." 1-21 HOUSE JOINT RESOLUTION 1-22 proposing a constitutional amendment providing for the issuance of 1-23 additional general obligation bonds by the Texas Water Development 1-24 Board. 1-25 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-26 SECTION 1. Article III, Texas Constitution, is amended by 1-27 adding Section 49-d-9 to read as follows: 1-28 Sec. 49-d-9. (a) The Texas Water Development Board may issue 1-29 additional general obligation bonds, at its determination, for one 1-30 or more accounts of the Texas Water Development Fund II, in an 1-31 amount not to exceed $2 billion. 1-32 (b) Section 49-d-8 of this article applies to the bonds 1-33 authorized by this section. The limitation in Section 49-d-8 of 1-34 this article that the Texas Water Development Board may not issue 1-35 bonds in excess of the aggregate principal amount of previously 1-36 authorized bonds does not apply to the bonds authorized by and 1-37 issued under this section. 1-38 (c) A limitation on the percentage of state participation in 1-39 any single project imposed by this article does not apply to a 1-40 project funded with the proceeds of bonds issued under the 1-41 authority of Section 49-d-8 of this article or this section. 1-42 SECTION 2. This proposed constitutional amendment shall be 1-43 submitted to the voters at an election to be held November 6, 2001. 1-44 The ballot shall be printed to provide for voting for or against 1-45 the proposition: "The constitutional amendment providing for the 1-46 issuance of additional general obligation bonds by the Texas Water 1-47 Development Board in an amount not to exceed $2 billion." 1-48 * * * * *