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Texas Water Development Bonds, Proposition 16 (2007)

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The Texas Water Development Bonds Amendment, also known as Proposition 16, was on the November 6, 2007 ballot in Texas as a legislatively-referred constitutional amendment, where it was approved. The measure provided for the issuance of general bonds in an amount not to exceed $250 million by the Texas Water Development Board to provide assistance to economically distressed areas of Texas.[1][2][3]

Voter approval is required because the Texas Constitution forbids most state debt. In order for general-obligation bonds backed by the state's full faith and credit to be issued, the voters must first be consulted.

Three other bond issues were on the November 6, 2007 ballot. Voters approved all of them, approving altogether $6.75 billion in new debt.

Election results

Texas Proposition 16 (2007)
ResultVotesPercentage
Approveda Yes 650,533 60.77%
No419,91439.23%

Election results via: Legislative Reference Library of Texas

Text of measure

The text of the measure can be read here.

Opposition

The Texas chapter of Americans for Prosperity opposed all five proposed bond issues. According to Peggy Venable, director of the Texas group:[4]

Every government bond is a delayed tax increase. Every dollar spent by government and every bond issued by government equates to a job lost or a paycheck cut in the private sector.

[5]

Media editorial positions

Support

  • The Austin Chronicle said, "YES. If we're really lucky, a few more hapless colonias will get water and wastewater service. And the bloodsucking bankers will drink the interest."[6]
  • The Dallas Morning Star said, "We favor efforts to lift up colonias, and Proposition 16 is the best way to accomplish it."[7]

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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External links

References


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