Texas Proposition 7, Bond Interest Rates (1981)
Contents |
| Texas Constitution |
|---|
|
| Articles |
| Preamble • 1 • 2 Article 3 (1-43) • Article 3 (44-49) • Article 3 (50-67) 4 • 5 • 6 • 7 • 8 • 9 • 10 • 11 • 12 • 13 • 14 • 15 • 16 • 17 |
Election results
| Proposition 7 | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 511,371 | 64.8% | ||
| No | 278,306 | 35.2% | ||
Text of measure
The short ballot summary Texas voters saw on their ballot was "The constitutional amendment authorizing the issuance of additional bonds to finance the veterans' land program and to increase the maximum interest rate allowable on veterans' land fund bonds."[1]
Constitutional changes
Prop 7 amended Section 49-b and 65 of 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.
External links
- Texas House Research Organization, "1981 Constitutional Amendments"
- Spreadsheet of proposed amendments to the Texas Constitution, 1879-present
- Texas Constitutional Amendments since 1876
