Authorizing City and County Financing to Buy Buffer Areas Near Military Installations
Texas Ballot Measure - Proposition 1
Election: Nov. 3, 2009 (General)
Outcome: Passed
Categories:
Military PersonnelInfrastructure
Constitution
Taxes
Summary
HJR 132 would amend the constitution to authorize the legislature to allow a municipality or a county to issue bonds and notes to finance the purchase of buffer areas or open spaces adjacent to military installations. The buffer areas would be used to prevent encroachment or to construct roadways utilities, or other infrastructure to protect or promote the mission of the military installation. The municipality or county may pledge increases in ad valorem tax revenues for repayment of the bonds or notes.
Measure Text
The constitutional amendment authorizing the financing, including through tax increment financing, of the acquisition by municipalities and counties of buffer areas or open spaces adjacent to a military installation for the prevention of encroachment or for the construction of roadways, utilities, or other infrastructure to protect or promote the mission of the military installation.
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