Texas Proposition 3, Economic Development Program Loans Amendment (2005)
| Texas Proposition 3 | |
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| Election date |
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| Topic Public economic investment policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 3 was on the ballot as a legislatively referred constitutional amendment in Texas on November 8, 2005. It was approved.
A "yes" vote supported providing that local economic development program loans or grants, not secured by ad valorem taxes or financed by bonds, do not constitute debt. |
A "no" vote opposed providing that local economic development program loans or grants, not secured by ad valorem taxes or financed by bonds, do not constitute debt. |
Election results
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Texas Proposition 3 |
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| Result | Votes | Percentage | ||
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1,025,173 | 51.82% | ||
| No | 952,998 | 48.18% | ||
Text of measure
Ballot title
The ballot title for Proposition 3 was as follows:
| “ | Proposing a constitutional amendment clarifying that certain economic development programs do not constitute a debt. | ” |
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 80 during the 79th regular legislative session in 2005.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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