Texas Industrial Development Bonds, Proposition 12 (1968)

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The Texas Industrial Development Bonds Amendment, also known as Proposition 12, was on the November 5, 1968 ballot in Texas as a legislatively-referred constitutional amendment, where it was defeated. The measure would have authorized cities and counties to issue revenue bonds for industrial development purposes.[1][2]

Election results

Texas Proposition 12 (1968)
ResultVotesPercentage
Defeatedd No976,94350.99%
Yes 939,023 49.01%

Election results via: Legislative Reference Library of Texas

Text of measure

The text of the measure can be read here.

Constitutional changes

If adopted, Prop 12 would have added Section 52a to Article 3 of the Texas Constitution.

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

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References


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