Texas Proposition 13, Bond Interest Rates Amendment (1972)
| Texas Proposition 13 | |
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| Election date |
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| Topic Bond issues |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 13 was on the ballot as a legislatively referred constitutional amendment in Texas on November 7, 1972. It was approved.
A "yes" vote supported the amendment to set a maximum bond interest rate of 6%. |
A "no" vote opposed the amendment to set a maximum bond interest rate of 6%. |
Election results
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Texas Proposition 13 |
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| Result | Votes | Percentage | ||
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1,359,239 | 57.20% | ||
| No | 1,017,158 | 42.80% | ||
Text of measure
Ballot title
The ballot title for Proposition 13 was as follows:
| “ | Proposing an amendment to set an amount not to exceed 6% on rates of interest to be borne by bonds issued pursuant to constitutional authority. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as House Joint Resolution 82 during the 62nd regular legislative session in 1971.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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