Proposition Prop. 16 - The constitutional amendment authorizing up to a total of $100 million in bonds and notes to be issued or sold to finance the Texas agricultural fund for providing financial assistance to develop, increase, improve, or expand the production, processing, marketing, or export of crops grown or produced primarily in this state by agricultural businesses domiciled in the state.
Outcome: Defeated
Election date: 11/02/1993
Votes for: 476,715
Votes against: 594,889
Enabling legislation
HB 1878 (73 R.S.) Relating to the issuance of general obligation bonds by the
Texas Agricultural Finance Authority and to the authority's efforts to support
minority-owned and women-owned businesses.
SB 1085 (73 R.S.) Relating to the issuance of bonds by the Texas Agricultural Finance Authority.
Articles affected
Article 3 :
Amends
§49-i
(b)
Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 2, 1993 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 2, 1993 election.
Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.
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