Texas Water Development Bonds, Proposition 16 (2007)
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.
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.
|Texas Proposition 16 (2007)|
Election results via: Legislative Reference Library of Texas
Text of measure
The text of the measure can be read here.
|“||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.||”|
Media editorial positions
- 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."
- The Dallas Morning Star said, "We favor efforts to lift up colonias, and Proposition 16 is the best way to accomplish it."
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.
- Texas 2007 ballot measures
- 2007 ballot measures
- List of Texas ballot measures
- History of direct democracy in Texas
- Texas Legislature Online, "S.J.R. 20," accessed January 19, 2015
- Legislative Reference Library of Texas, "Constitutional amendment election dates," accessed January 19, 2015
- Texas Legislative Council, "Amendments to the Texas Constitution Since 1876," accessed January 19, 2015
- Houston Chronicle, "Bond proposals on Nov. 6 ballot run the gamut," October 14, 2007
- Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
- Austin Chronicle, "Austin Chronicle Endorsements," November 2, 2007
- Dallas Morning Star, "We Recommend," October 23, 2007
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