Texas Proposition 3, Loans Guarantees for Farm Real Estate Amendment (1979)
| Texas Proposition 3 | |
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| Election date |
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| Topic Bond issues and Property |
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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 6, 1979. It was approved.
A "yes" vote supported the amendment to guarantee loans for the purpose of purchasing farm and ranch real estate and authorize a sale of $10 million in bonds to finance loan guarantees. |
A "no" vote opposed the amendment to guarantee loans for the purpose of purchasing farm and ranch real estate and authorize a sale of $10 million in bonds to finance loan guarantees. |
Election results
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Texas Proposition 3 |
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| Result | Votes | Percentage | ||
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240,605 | 54.46% | ||
| No | 201,212 | 45.54% | ||
Text of measure
Ballot title
The ballot title for Proposition 3 was as follows:
| “ | Proposing a constitutional amendment authorizing the legislature to provide for the guarantee of loans used to purchase farm and ranch real estate for qualified borrowers. | ” |
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 Senate Joint Resolution 13 during the 66th regular legislative session in 1979.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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