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Texas Local Economic Development Program Loans and Grants Act, Proposition 3 (2005)

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Texas Constitution
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Preamble
Articles
12
3 (1-43)3 (44-49)3 (50-67)
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Texas Proposition 3, also known as the Local Economic Development Program Loans and Grants Act, was on the November 8, 2005 election ballot in Texas as a legislatively-referred constitutional amendment, where it was approved.

HJR 80 provided that local economic development program loans or grants (other than debts secured by a pledge of ad valorem taxes or financed by the issuance of any bonds or other obligations payable from ad valorem taxes) do not constitute or create debt. Any provision of state constitutional law that may prohibit or limit the authority of a political subdivision of the state to incur debt does not apply to those loans or grants.

Election Results

Proposition 3
ResultVotesPercentage
Approveda Yes 1,025,173 51.82%
No952,99848.17%

Text of measure

The short ballot summary voters saw on their ballot read: "The constitutional amendment clarifying that certain economic development programs do not constitute a debt."[1]

Path to the ballot

See also: Laws governing direct democracy in Texas

As laid out in Article 17 of the Texas Constitution, in order for a proposed constitutional amendment to be placed on the ballot, the Texas State Legislature must propose the amendment in a joint resolution of both the Texas State Senate and the Texas House of Representatives. The joint resolution can originate in either the House or the Senate. The resolution must be adopted by a vote of at least two-thirds of the membership of each house of the legislature. That amounts to a minimum of 100 votes in the House of Representatives and 21 votes in the Senate.

See also

External links

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References