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TX SJR69
Joint Resolution
Status
3/7/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
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Proposes a constitutional amendment to set a $6 billion cap on outstanding general obligation bonds that the Veterans' Land Board may issue for selling land to veterans or providing home and land mortgage loans to veterans
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Replaces the previous authorization method, which referenced aggregate amounts authorized by prior constitutional amendments, with a specific $6 billion dollar limit
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Bond proceeds would be deposited into or used to benefit the Veterans' Land Fund, Veterans' Housing Assistance Fund, or Veterans' Housing Assistance Fund II, as determined by the Veterans' Land Board
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Bonds issued under this authority are excluded from the debt computation required by Section 49-j of the Texas Constitution
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Constitutional amendment would be submitted to voters at an election on November 4, 2025
Legislative Description
Proposing a constitutional amendment authorizing the Veterans' Land Board to issue general obligation bonds in an aggregate principal amount that is greater than amounts previously authorized.
State Finances
Last Action
Referred to Vet Affairs
3/13/2025