This website will be unavailable from Friday, April 26, 2024 at 6:00 p.m. through Monday, April 29, 2024 at 7:00 a.m. due to data center maintenance.

                                                                                



                                                                H.J.R. No. 23 



A JOINT RESOLUTION

proposing a constitutional amendment permitting refinancing of a 
home equity loan with a reverse mortgage.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Section 50(f), Article XVI, Texas Constitution, 
is amended to read as follows:
	(f)  A refinance of debt secured by the homestead, any 
portion of which is an extension of credit described by Subsection 
(a)(6) of this section, may not be secured by a valid lien against 
the homestead unless the refinance of the debt is an extension of 
credit described by Subsection (a)(6) or (a)(7) of this section.
	SECTION 2.  This proposed constitutional amendment shall be 
submitted to the voters at an election to be held September 13, 
2003.  The ballot shall be printed to permit voting for or against 
the proposition:  "The constitutional amendment permitting 
refinancing of a home equity loan with a reverse mortgage."




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.J.R. No. 23 was passed by the House on April 
9, 2003, by the following vote:  Yeas 145, Nays 0, 2 present, not 
voting; and that the House concurred in Senate amendments to H.J.R. 
No. 23 on May 26, 2003, by the following vote:  Yeas 135, Nays 0, 3 
present, not voting.

                                                  ______________________________
                                                     Chief Clerk of the House   

	
I certify that H.J.R. No. 23 was passed by the Senate, with 
amendments, on May 24, 2003, by the following vote:  Yeas 30, Nays 
0.

                                                 _______________________________
                                                     Secretary of the Senate    



RECEIVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
            Secretary of State