Bill
HJR 36
85(R) - 2017
House Natural Resources
House Natural Resources
Bonds
Constitutional Amendments
Economic Development
Texas Constitution
Water
Vote Recommendation
No
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Negative
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Neutral
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Neutral
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Negative
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Neutral
Author(s)
Mary Gonzalez
Bill Caption
Proposing a constitutional amendment providing for the issuance of
additional general obligation bonds by the Texas Water Development
Board to provide assistance to economically distressed areas.
Fiscal Notes
A negative impact of ($114,369) through the biennium ending August 31, 2019.
The joint resolution would make no appropriation but could provide the legal basis for an
appropriation of funds to implement the provisions of the bill.
Bill Analysis
HJR 36 would put a constitutional amendment on the November 7th ballot providing for the issuance of up to $200 million in additional bonds for the Economically Distressed Areas Program.
Vote Recommendation Notes
This bill infringes on the principle of limited government and the free market by expanding the public debt through the issuance of additional bonds that would increase market distortions through state intervention. For this reasons, we oppose HJR 36.
Organizations Supporting
City of Corpus Christi
Lone Star Chapter Sierra Club
Texas Conference of Urban Counties
Texas Low Income Housing Information Service
Texas Rural Water Association
Texas Water Infrastructure Network
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