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Providing for the Issuance of General Obligation Bonds of the State of Texas to Finance Educational Loans to Students

Texas Ballot Measure - Proposition 3 (SJR 50)

Election: Nov. 8, 2011 (General)

Outcome: Passed

Categories:

Higher Education
Constitution
Government Budget and Spending

Summary

SJR 50 would amend the constitution to authorize the Texas Higher Education Coordinating Board or its successors to issue and sell general obligation bonds on a continuing basis for the purpose of financing educational loans for students, subject to certain constitutional restrictions, including a restriction as to the maximum principal amount of bonds outstanding at any one time.

Measure Text


    The constitutional amendment providing for the issuance of general obligation bonds of the State of Texas to finance educational loans to students.

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      Official Summary

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