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Texas Proposition 6, Bond Interest Rates (1982)

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Texas Constitution
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Preamble
Articles
12
3 (1-43)3 (44-49)3 (50-67)
4567891011121314151617
Texas Proposition 6 was on the November 2, 1982 statewide ballot in Texas as a legislatively-referred constitutional amendment, where it was accepted.

Election results

Proposition 6
ResultVotesPercentage
Approveda Yes 1,263,986 60.3%
No831,38239.7%

Text of measure

The short ballot summary Texas voters saw on their ballot was "The constitutional amendment increasing the maximum interest rate allowed on state general obligation bonds to a wighted average annual interest rate of 12%."[1]

Constitutional changes

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.

External links

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References